Wynn Resorts CFO swaps 10% salary for options
Wynn Resorts’ CFO swapped 10% of his cash base salary for newly granted stock options tied to future vesting dates.
Rhea-AI Filing Summary
WYNN RESORTS LTD (WYNN) reported that Chief Financial Officer Craig Jeffrey Fullalove received two grants of stock options on September 17, 2026 in exchange for a voluntary 10% reduction in his cash base salary through July 31, 2027. One grant covers 1,691 options vesting on December 15, 2026 and the other covers 3,414 options vesting on July 31, 2027, each with an exercise price of $82.96 per share and expiring on September 17, 2028. Following these awards, he directly holds 25,146 shares of common stock, and the options will vest on a pro-rata basis if his employment ends before July 31, 2027; no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,105 shares
Grant/Award
3 txns
Insider
Fullalove Craig Jeffrey
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (right to buy) F1 | 1,691 | $0.00 | $0.00 |
| Grant/Award | Stock Options (right to buy) F1 | 3,414 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Stock Options (right to buy) — 5,105 contracts (Direct);
Common Stock, par value $0.01 per share — 25,146 shares (Direct)
Footnotes (1)
- F1. Options to acquire shares of common stock of Wynn Resorts, Limited (the "Company") granted pursuant to the Company's Third Amended and Restated 2014 Omnibus Incentive Plan. On September 17, 2026, Mr. Fullalove voluntarily reduced the cash amount of his base salary through July 31, 2027 by 10% in exchange for a grant of an equivalent value of options to acquire the Company's common stock. Such stock options granted in lieu of 2026 salary amounts will vest on December 15, 2026 and stock options granted in lieu of 2027 salary amounts will vest on July 31, 2027. Should Mr. Fullalove leave his employment prior to July 31, 2027 for any reason, the options shall vest on a pro-rata basis.
Key Figures
First option grant size: 1,691 options
Second option grant size: 3,414 options
Option exercise price: $82.96 per share
+3 more
6 metrics
First option grant size
1,691 options
Stock options vesting on December 15, 2026 granted to the CFO in lieu of 2026 salary amounts
Second option grant size
3,414 options
Stock options vesting on July 31, 2027 granted to the CFO in lieu of 2027 salary amounts
Option exercise price
$82.96 per share
Exercise price for both stock option grants to acquire Wynn Resorts common stock
Option expiration date
September 17, 2028
Expiration date for both stock option grants issued to the CFO
Salary reduction
10%
Voluntary reduction in the CFO’s cash base salary through July 31, 2027 in exchange for options
Common shares held after awards
25,146 shares
Direct holdings of Wynn Resorts common stock by the CFO following the reported transactions
Key Terms
Third Amended and Restated 2014 Omnibus Incentive Plan, vest on a pro-rata basis, base salary, stock options granted in lieu of 2026 salary amounts
4 terms
Third Amended and Restated 2014 Omnibus Incentive Plan financial
"Options to acquire shares of common stock ... granted pursuant to the Company's Third Amended and Restated 2014 Omnibus Incentive Plan."
vest on a pro-rata basis financial
"Should Mr. Fullalove leave his employment prior to July 31, 2027 for any reason, the options shall vest on a pro-rata basis."
base salary financial
"Mr. Fullalove voluntarily reduced the cash amount of his base salary through July 31, 2027 by 10% in exchange for a grant of an equivalent value of options"
stock options granted in lieu of 2026 salary amounts financial
"Such stock options granted in lieu of 2026 salary amounts will vest on December 15, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did WYNN CFO Craig Jeffrey Fullalove receive on September 17, 2026?
He received two stock option grants: one for 1,691 options vesting on December 15, 2026 and another for 3,414 options vesting on July 31, 2027, each with an exercise price of $82.96 per share and expiring on September 17, 2028.
How is the WYNN CFO’s salary linked to these new stock options?
Craig Jeffrey Fullalove voluntarily reduced the cash amount of his base salary by 10% through July 31, 2027 in exchange for stock options of equivalent value in Wynn Resorts common stock, granted under the company’s omnibus incentive plan.
What happens to the WYNN CFO’s options if he leaves before July 31, 2027?
If Craig Jeffrey Fullalove leaves employment before July 31, 2027, the options granted in lieu of salary will vest on a pro-rata basis, meaning vesting is adjusted in proportion to the time served through his departure date.
What is the exercise price and expiration date of the WYNN stock options granted to the CFO?
Both option grants to Craig Jeffrey Fullalove carry an exercise price of $82.96 per share and are scheduled to expire on September 17, 2028, if not exercised or forfeited earlier under the plan’s terms.
Were the WYNN CFO’s option grants made under a Rule 10b5-1 trading plan?
No. The report indicates that the Rule 10b5-1 plan affirmation box is not checked, so these option grants are not reported as having been made under a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
