Fanger Lewis A. 4
Research Summary
AI-generated summary
Full House Resorts (FLL) President Lewis Fanger Receives 104,167-Share Award
What Happened
Lewis A. Fanger — President, Chief Financial Officer, Treasurer and Director of Full House Resorts, Inc. (FLL) — was granted 104,167 restricted shares on May 14, 2026. The shares were issued as an award (Form 4 code A) at $0.00 per share (no cash exchanged). The reported grant’s total immediate cash value on the filing is $0 because these are restricted stock awards that vest over time.
Key Details
- Transaction date: May 14, 2026; SEC filing date: May 18, 2026 (filed within the two-business-day Form 4 window).
- Grant: 104,167 restricted shares at $0.00 per share (award).
- Vesting: These restricted shares vest in three equal annual installments on May 14 of 2027, 2028 and 2029 (footnote F1).
- Additional award: Footnote F2 notes a separate, equal grant of 104,167 restricted shares subject to performance-based criteria (EBITDA and free cash flow per share targets for 2026–2028); that grant is not included in this Form 4 and will be reported when/if the awards vest.
- Shares owned after the transaction: not specified in the provided filing.
Context
- This is a compensation award, not an open-market purchase or sale; such grants are common for executives and represent deferred/contingent compensation rather than an immediate investment by the insider.
- The performance-based component (per F2) ties additional shares to achieving specified financial targets; those shares will be reported following vesting.
- Filing was timely (transaction 5/14/2026, report filed 5/18/2026).