2024.07.19
harrah s cherokee casino wsop1 for the New Year’s Day holiday.His sale of those shares represents a winning bet the executive made on himself and the company. Wynn Resortstropicana laughlin hotel and casino buffet (NASDAQ:WYNN) CEO Matt Maddox recently sold about 56,000 shares of the company’s stock. All told, the chief executives trimmed his Wynn stake by about eight percent, hauling in .32 million in the process.His timing was arguably impeccable and he’s still holding plenty of shares — 394,549 to be precise, according to Form 4 — with which to benefit from an ongoing rebound in the stock this year – a scenario plenty of analysts are betting on.At the start of the fourth quarter, Wynn stock traded around but gained more than 60 percent over the last three months of 2020.More Sales PossibleEquity sales by company insiders aren’t unusual and occur for a variety of reasons. el dorado casino reno reservationsThey remain in place until at least Jan. Mahomes and the Chiefs are favored to win this year’s Super Bowl as well. He recently sold some of his employer’s stock. slotocash casino no deposit codes 2021 when will sam s town casino reopen5* hard rock hotel casino punta canaMany of which are plausible and not negative or indictments of a firm’s prospects.In Maddox’s case, the recent share disposals are understandable because he went without the cash salary for more than nine months last year.Broadly speaking, Wall Street is bullish on Wynn for 2021, so it’s possible more directors and executives that took reduced 2020 salaries in exchange for equity will sell some of those shares this year.1 for the New Year’s Day holiday.His sale of those shares represents a winning bet the executive made on himself and the company. 31 because US markets were closed on Jan. is boulder station casino openThat sale likely occurred on Dec. Las Vegas Mayor Carolyn Goodman (I) warned late last year that Nevada Gov. 1 for the New Year’s Day holiday.His sale of those shares represents a winning bet the executive made on himself and the company. soaring eagle casino entertainment hall seating chart downstream casino restaurantsred stag casino promo codes31 because US markets were closed on Jan. Many of which are plausible and not negative or indictments of a firm’s prospects.In Maddox’s case, the recent share disposals are understandable because he went without the cash salary for more than nine months last year.Broadly speaking, Wall Street is bullish on Wynn for 2021, so it’s possible more directors and executives that took reduced 2020 salaries in exchange for equity will sell some of those shares this year.The 5,966-share transaction dated Jan. Company policy states he must attain equity ownership equaling six times his annual salary, which was .90 million in 2018.Maddox sold 21,645 shares at an average price of 2.94, and another 28,355 at an average price of 3.42 on Dec. The Encore operator revealed Maddox would forego 100 percent of his 2020 cash salary, opting to be compensated entirely in equity.Other Wynn executives and some board members followed suit, taking cash salary reductions ranging from 33 percent to 100 percent in exchange for stock.Smart WagerUnder the terms of Maddox’s current employment agreement with the gaming company, he’s to be awarded 100,000 shares of restricted stock if certain benchmarks aretropicana laughlin hotel and casino buffet met. Another transaction dated Jan. when is twin river casino opening back up live roulette casino 40 free spins |