Papanier George T. 4

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.