Byrne Richard J 4
Research Summary
AI-generated summary
Wynn Resorts Director Richard Byrne Receives 2,354-Share Award
What Happened
Richard J. Byrne, a director of Wynn Resorts Ltd. (WYNN), was granted 2,354 restricted shares on May 6, 2026. The filing shows an acquisition at $0.00 per share (award/grant), so no cash was paid; the grant value is not stated in the Form 4.
Key Details
- Transaction date: 2026-05-06 (filed with SEC on 2026-05-08).
- Transaction type/code: Award/Grant (A). Price reported: $0.00 per share.
- Shares granted: 2,354 restricted common shares (par value $0.01).
- Shares owned after transaction: Not specified in the provided filing.
- Vesting/conditions (footnote): Shares vest in full on May 6, 2027. If Byrne's service ends for any reason other than death or total disability before vesting, the unvested shares are forfeited.
- Timeliness: Filing appears timely (reported within two business days).
Context
This was a restricted stock award (retention/compensation), not an open-market purchase or sale, so it does not reflect an immediate buy or sell decision. Restricted grants to directors are common as part of compensation; they typically vest over time and are intended as long-term incentives rather than near-term liquidity events.