Welch Jeffrey T 4

What Happened
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts (RRR), had 1,494 shares withheld by the company to cover taxes related to vested restricted stock. The shares were disposed at $66.24 each, for a total value of approximately $98,963. This was a tax-withholding disposition (routine) rather than an open-market sale initiated by the insider.

Key Details

• Transaction date: 2026-02-10; Filing date: 2026-02-12 (appears timely).
• Transaction type/code: F — shares withheld to satisfy tax withholding on vesting.
• Shares involved: 1,494 shares withheld and disposed.
• Price per share: $66.24; Total proceeds/coverage: ~$98,963.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Company withheld the shares to cover applicable taxes upon vesting of previously granted restricted shares.

Context
Tax-withholding dispositions are common when restricted stock vests and do not necessarily reflect the insider's view of the company's prospects. Unlike a voluntary open-market sale, these are administrative actions to satisfy tax obligations. For investors watching insider activity, purchases or open-market sales can be more informative signals than withholding transactions.