Hudson D. Zachary 4
Research Summary
AI-generated summary
LAS VEGAS SANDS EVP Hudson D. Zachary Receives RSU Award
What Happened
Hudson D. Zachary, Executive Vice President and Global General Counsel of Las Vegas Sands Corp. (LVS), was granted 50,467 restricted stock units (RSUs) on February 2, 2026. The grant is reported as a derivative award (code A) with an acquisition price of $0.00 — the units represent a contingent right to receive shares in the future rather than an immediate cash transaction.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears timely).
- Grant size: 50,467 RSUs; reported acquisition price: $0.00 (derivative award).
- Each RSU equals a contingent right to one share of common stock (Footnote F1).
- Vesting schedule (Footnote F2): 33% on each of the 1st and 2nd anniversaries, 34% on the 3rd anniversary; vested shares to be delivered on each anniversary.
- Shares owned after the transaction: not specified in the filing.
- No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or late filing in this report.
Context: RSU awards are a form of equity compensation and do not represent immediate share ownership until vested and delivered. They are common for employee incentives and do not, by themselves, signal a buy or sell decision by the insider.