PATEL JAYMIN B 4
Research Summary
AI-generated summary
Bally's (BALY) Director Jaymin Patel Receives Restricted Stock Award
What Happened
Jaymin B. Patel, a director of Bally's Corporation, was granted 18,726 restricted shares on 2026-05-19. The shares were reported with an acquisition price of $0.00 (total reported value $0) as an award (transaction code A). This is a grant of restricted stock rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-19; Report filed: 2026-05-20 (Form 4) — filing appears timely.
- Shares granted: 18,726 restricted shares; Price per share reported: $0.00; total reported value: $0.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnote: The restricted shares vest on the earlier of the first anniversary of the grant date or the 2027 annual meeting of shareholders, subject to continued service through that date.
- Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or sale reported in this filing.
Context
Restricted stock awards are common compensation for directors and align their interests with shareholders over the vesting period; they are not the same as an open-market purchase and do not by themselves indicate a near-term trading signal. Vesting is contingent on continued service through the stated date, and the award will convert to outright ownership only if vesting conditions are met.