LAS VEGAS SANDS CORP·4

Feb 2, 5:02 PM ET

Hyzak Randy 4

Research Summary

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Las Vegas Sands (LVS) CFO Randy Hyzak Converts RSUs to 20,106 Shares

What Happened

  • Randy Hyzak, EVP & Chief Financial Officer of Las Vegas Sands Corp., reported the conversion/settlement of restricted stock units into a total of 20,106 shares of common stock (11,295 on Jan 29, 2026 and 8,811 on Jan 30, 2026). Each conversion is reported at $0.00 per share (no cash purchase); total reported value $0. The Form 4 shows matching "acquired" and "disposed" derivative entries at $0, reflecting conversion/settlement of RSUs rather than an open-market sale.

Key Details

  • Transaction dates: Jan 29, 2026 (11,295 shares) and Jan 30, 2026 (8,811 shares); price per share reported $0.00.
  • Total shares converted: 20,106.
  • Shares owned after transaction: Not specified in the filing.
  • Footnotes: These transactions reflect restricted stock units (RSUs) that settled one-for-one into common stock. The 11,295 and 8,811 share amounts correspond to scheduled vesting from grants on Jan 29, 2024 (34,226 RSUs; 33%/33%/34% vesting) and Jan 30, 2023 (25,915 RSUs; 33%/33%/34% vesting), respectively.
  • Timeliness: Form 4 filed Feb 2, 2026 — within the SEC two-business-day filing window for these transaction dates.

Context

  • These entries are the routine vesting/settlement of RSUs (derivative conversion), not an open-market purchase or sale. Because no shares were bought or sold for cash in the public market, this action is generally a compensation settlement rather than a directional trading signal.
  • For retail investors, vested RSU conversions mainly reflect scheduled compensation vesting per the grants noted above; they should not be interpreted as insider buying/selling intent.