Red Rock Resorts (RRR) CFO has shares withheld to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Cootey Stephen Lawrence
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | CLASS A COMMON STOCK | 3,952 | $58.81 | $232K |
Holdings After Transaction:
CLASS A COMMON STOCK — 255,045 shares (Direct)
Footnotes (1)
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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.