Chafetz Irwin 4

What Happened
Irwin Chafetz, a director of Las Vegas Sands Corp. (LVS), was granted 3,948 shares on 2026-05-14 as an equity award. The Form 4 reports an acquisition price of $0.00 (granted shares), so no cash was paid by the insider for these shares. This is a grant/award of equity (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-14; Filing date (Form 4): 2026-05-18 (appears timely under the two-business-day rule).
• Transaction type/code: A — Award/Grant.
• Shares granted: 3,948; acquisition price reported: $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Grant made under the Las Vegas Sands Corp. 2004 Equity Award Plan.
• No indication of a 10b5-1 plan, sale, option exercise, gift, or tax withholding in the provided data.

Context
Equity awards to directors are a common form of compensation and reflect grant-based compensation rather than insider buying or selling activity. Because this was a grant (no cash outlay by the insider), it should not be interpreted as a direct bullish or bearish market signal. Retail investors tracking insider activity typically weigh purchases more heavily than standard compensation grants.