Red Rock Resorts (RRR) COO has 4,065 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Red Rock Resorts, Inc. executive vice president and chief operating officer Nichols Kord reported a routine tax-related share disposition. On this Form 4, 4,065 shares of Class A common stock were withheld by the company at a price of $58.81 per share to cover taxes due upon vesting of previously granted restricted shares, as noted in the footnote. After this withholding, Kord directly holds 81,668 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nichols Kord
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | CLASS A COMMON STOCK | 4,065 | $58.81 | $239K |
Holdings After Transaction:
CLASS A COMMON STOCK — 81,668 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Nichols Kord report for Red Rock Resorts (RRR)?
Nichols Kord reported a tax-related share disposition. The company withheld 4,065 shares of Class A common stock to cover taxes due upon vesting of previously granted restricted shares, leaving him with 81,668 directly held shares afterward.
What does transaction code F mean in the Red Rock Resorts (RRR) Form 4?
Transaction code F indicates shares were used to pay an exercise price or tax liability. Here, 4,065 shares were withheld by the company to cover applicable taxes when previously granted restricted shares vested for executive Nichols Kord.
Is Nichols Kord’s Red Rock Resorts (RRR) Form 4 transaction a significant insider signal?
The transaction reflects routine tax withholding on vested restricted shares rather than a discretionary purchase or sale. It shows compensation-related share settlement, with 4,065 shares withheld and 81,668 shares remaining directly owned, a common administrative event for equity awards.