Red Rock Resorts president has shares withheld for taxes
Red Rock Resorts, Inc. President Scott Kreeger reported a tax-related share disposition.
Rhea-AI Filing Summary
Red Rock Resorts, Inc. President Scott Kreeger reported a tax-related share disposition. On the reported date, 8,920 shares of Class A common stock were withheld by the company to cover applicable taxes when previously granted restricted shares vested, at a reference price of $59.95 per share.
After this tax-withholding event, Kreeger held 158,571 shares of Class A common stock in direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 8,920 shares
Exercise Price or Tax Liability
1 txn
Insider
KREEGER SCOTT
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | CLASS A COMMON STOCK | 8,920 | $59.95 | $535K |
Holdings After Transaction:
CLASS A COMMON STOCK — 158,571 shares (Direct)
Footnotes (1)
- F1. Represents number of shares withheld by the company to cover applicable taxes upon vesting of restricted shares previously granted.
FAQ
What insider transaction did Red Rock Resorts (RRR) report for Scott Kreeger?
Red Rock Resorts reported a tax-related share disposition for President Scott Kreeger. The company withheld 8,920 Class A shares to cover taxes upon vesting of previously granted restricted shares, as reflected in the Form 4 filing.
Was Scott Kreeger’s Red Rock Resorts transaction an open-market sale?
No, the transaction was not an open-market sale. The filing states that 8,920 shares were withheld by Red Rock Resorts to cover applicable taxes upon the vesting of restricted shares previously granted to President Scott Kreeger.
What role does Scott Kreeger hold at Red Rock Resorts (RRR) in this Form 4?
In this Form 4, Scott Kreeger is identified as an officer of Red Rock Resorts, serving as President. The reported transaction reflects a tax-withholding disposition related to the vesting of his previously granted restricted stock awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.