Papanier George T. 4
4 · Bally's Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Bally's (BALY) President George Papanier Receives RSUs; Shares Withheld for Taxes
What Happened
George T. Papanier, President and Director of Bally's Corporation (BALY), had 35,714 restricted stock units (RSUs) vest on March 1, 2026. The RSUs converted into 35,714 shares (recorded as an exercise/conversion of a derivative at $0). The company withheld 14,052 of those shares to satisfy tax withholding obligations; the withheld shares were valued at $14.22 each for a total of $199,819. Net shares delivered to Papanier from this vesting were 21,662.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
- Vesting/conversion: 35,714 RSUs → 35,714 shares (recorded as derivative exercise at $0).
- Tax withholding: 14,052 shares disposed/retained at $14.22 per share = $199,819 (code F).
- Net shares received by insider: 21,662.
- Footnotes: F1 — 35,714 RSUs vested and 14,052 shares were retained for tax withholding; F2 — each RSU equals one share; F3 — these RSUs are from a Feb 15, 2023 grant (85,540 total RSUs with scheduled vesting).
- No indication in the filing that this was a market sale for investment; withholding for taxes is routine.
Context
This was a standard RSU vesting event and associated tax withholding (a routine corporate action), not an open-market sale or purchase signaling a trade decision. For RSU vesting, companies commonly retain or sell shares to cover tax obligations (sometimes called "net settlement" or withholding), which does not necessarily indicate the insider's view on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-01+35,714→ 311,515 total - Tax Payment
Common Stock
[F1]2026-03-01$14.22/sh−14,052$199,819→ 297,463 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3]2026-03-01−35,714→ 0 total→ Common Stock (35,714 underlying)
- 9,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]On March 1, 2026, 35.714 shares of Bally's Corporation (the "Company") restricted stock units vested. The Company retained 14,052 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
- [F2]Each restricted stock unit represents the right to receive one share of Bally's Corporation common stock upon vesting in accordance with the terms of the reporting person's restricted stock unit agreement.
- [F3]On February 15, 2023, the reporting person was granted 85,540 restricted stock units of which 14,112 will vest on December 31, 2023, 35,714 will vest on March 1, 2025 and 35,714 will vest on March 1, 2026.