Wynn Resorts CEO Craig Billings Receives Stock Option Grant

What Happened

• Craig Billings, CEO and Director of Wynn Resorts Ltd. (WYNN), was granted two option awards on 2026-09-17 totaling 12,763 options (4,228 and 8,535). Each grant is reported as a derivative award with $0.00 cash price (options issued under the Company’s Third Amended and Restated 2014 Omnibus Incentive Plan).
• The awards were made in exchange for Mr. Billings voluntarily reducing his base salary by 10% through July 31, 2027; one tranche vests on December 15, 2026 (in lieu of 2026 salary) and the other vests on July 31, 2027 (in lieu of 2027 salary). If he leaves before July 31, 2027, the options vest pro rata.

Key Details

• Transaction date: 2026-09-17; Filing date: 2026-09-18 (timely).
• Transaction code: A (Award/Grant); reported price: $0.00 (derivative option grants).
• Grant amounts: 4,228 options and 8,535 options (total 12,763).
• Vesting: Dec 15, 2026 (2026 portion) and July 31, 2027 (2027 portion); pro‑rata vesting if employment ends early.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Grants made in lieu of 10% of base salary through July 31, 2027, under the company’s 2014 Omnibus Incentive Plan.

Context

• These are option awards (derivative grants), not open-market purchases or sales; they give the holder the right to acquire common stock in the future subject to vesting and exercise terms. There’s no immediate sale or cash proceeds reported.