Koenig Edwin S. 4
Research Summary
AI-generated summary
MCRI CAO Edwin Koenig Receives 5,000-Share Award
What Happened
- Edwin S. Koenig, Chief Accounting Officer (CAO) of Monarch Casino & Resort, was granted 5,000 derivative shares on June 30, 2026. The filing lists a per-share value of $131.61 for a total value of $658,050.
- This transaction is an award/grant (reported as a derivative acquisition), not a market purchase or sale — typically part of compensation rather than a signal of an open-market bullish trade.
Key Details
- Transaction date and price: June 30, 2026 — 5,000 derivative shares @ $131.61 each (total $658,050).
- Shares owned after transaction: Not specified in the filing.
- Footnotes/plans: The filing does not disclose a 10b5-1 plan, tax-withholding sale, or other special footnotes.
- Timeliness: Filed July 6, 2026. Because Form 4s are generally due within two business days of the transaction, this appears to be a late filing (filed more than two business days after the June 30 transaction).
Context
- "Derivative" awards commonly refer to restricted stock units (RSUs) or similar rights to receive stock, often subject to vesting and not immediately tradeable; the filing does not specify vesting or settlement details.
- Awards as compensation are routine for executives and do not by themselves indicate a buy/sell decision by the insider.