Fanger Lewis A. 4
Research Summary
AI-generated summary
Full House Resorts (FLL) President Lewis A. Fanger Receives Award, Sells Shares
What Happened
Lewis A. Fanger, President, Chief Financial Officer and Treasurer and a director of Full House Resorts (FLL), had 8,855 performance-based restricted shares vest on May 8, 2026 (awarded at $0). To satisfy tax withholding obligations upon the vesting, the issuer withheld and disposed of a total of 6,426 shares (4,269 + 2,157) at $2.97 per share, generating proceeds of about $19,085.
Key Details
- Transaction date: 2026-05-08; filing date: 2026-05-12 (filed within required two business days).
- Award (A): 8,855 shares acquired at $0.00 (performance-based restricted stock that vested).
- Tax withholding (F): 4,269 shares @ $2.97 = $12,679 and 2,157 shares @ $2.97 = $6,406 (total withheld 6,426 shares, ~$19,085).
- Shares owned after transaction: not reported in this filing.
- Footnotes: F1/F3 = issuer withheld shares to satisfy tax withholding on vested restricted stock; F2 = performance-based restricted stock granted May 8, 2024 that vested upon achievement of performance criteria.
- Transaction codes: A = award/grant; F = tax withholding (not an open-market sale).
Context
This was a vesting of previously granted restricted stock with shares withheld to cover taxes—a routine, administrative transaction rather than an open-market sale signaling sentiment. Purchases are typically more informative for bullish signals; these actions reflect compensation vesting and related tax withholding.