ATKINS BETSY S 4
Research Summary
AI-generated summary
Wynn Resorts (WYNN) Director Betsy S. Atkins Receives Award
What Happened
Betsy S. Atkins, a director of Wynn Resorts Ltd. (WYNN), received equity awards on May 6, 2026: 1,177 restricted shares of common stock and 4,266 shares reported as a derivative acquisition. Both grants were recorded at $0.00 (standard for awards) and will vest subject to conditions in the footnote. This is a company grant (an award), not an open-market purchase or sale.
Key Details
- Transaction date: May 6, 2026; Report filed: May 8, 2026 (appears timely — within two business days).
- Price: $0.00 per share for both entries (award grants).
- Shares granted: 1,177 shares (direct restricted shares) + 4,266 shares (reported as derivative/restricted) = 5,443 total shares awarded.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote (summary): Grants are restricted shares under the Company’s Amended and Restated 2014 Omnibus Incentive Plan. The shares vest in full on May 6, 2027; if the reporting person’s service ends for any reason other than death or complete disability before vesting, unvested restricted shares are forfeited.
Context
These awards are typical equity compensation for directors and do not represent an open-market purchase or sale. The "derivative" label here reflects how the grant was reported; the filing’s footnote clarifies these are restricted shares that vest after one year. Awards can indicate alignment with shareholder interests but are routine compensation and shouldn’t be interpreted on their own as a buy/sell signal.