Kramer Lewis 4

What Happened
Kramer Lewis, a director of Las Vegas Sands Corp. (LVS), received an award of 3,948 shares on May 14, 2026. The shares were granted (transaction code A) at an acquisition price of $0, indicating a compensatory equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-14 (reported on Form 4 filed 2026-05-18) — filing was within the SEC’s two-business-day window.
• Transaction type/code: Award/Grant (A).
• Shares awarded: 3,948; acquisition price: $0 (no cash paid).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — Granted under the Las Vegas Sands Corp. 2004 Equity Award Plan.
• No indication of immediate sale, tax withholding, or a 10b5-1 trading plan in this filing.

Context
Director grants like this are commonly part of non-cash compensation and do not necessarily signal a director’s personal market view. Because this was an equity award (not a purchase or sale), it primarily reflects compensation under the company’s 2004 Equity Award Plan rather than an investment decision by the insider.