Red Rock CFO shares withheld for taxes
Red Rock Resorts, Inc. reported that EVP & Chief Financial Officer Stephen Lawrence Cootey had 3,952 shares of Class A common stock withheld by the company at $58.81 per share to cover taxes upon vesting of previously granted restricted shares.
Rhea-AI Filing Summary
Red Rock Resorts, Inc. reported that EVP & Chief Financial Officer Stephen Lawrence Cootey had 3,952 shares of Class A common stock withheld by the company at $58.81 per share to cover taxes upon vesting of previously granted restricted shares. After this tax-withholding event, he directly holds 255,045 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 3,952 shares
Exercise Price or Tax Liability
1 txn
Insider
Cootey Stephen Lawrence
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | CLASS A COMMON STOCK | 3,952 | $58.81 | $232K |
Holdings After Transaction:
CLASS A COMMON STOCK — 255,045 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 Stephen Lawrence Cootey?
Red Rock Resorts reported that EVP & Chief Financial Officer Stephen Lawrence Cootey had 3,952 shares of Class A common stock withheld to cover taxes. The shares were tied to the vesting of previously granted restricted stock awards.
Was the Red Rock Resorts (RRR) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The company withheld 3,952 shares of Class A common stock to satisfy tax obligations when restricted shares vested, a routine administrative disposition rather than a discretionary stock sale.
What does transaction code "F" mean in the Red Rock Resorts (RRR) Form 4 filing?
Transaction code “F” in this Form 4 indicates a tax-withholding disposition, where shares are delivered or withheld to pay exercise price or tax liability. Here, Red Rock Resorts withheld shares upon vesting of previously granted restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.