Craig Scott Billings - May 11, 2022 Form 4 Insider Report for WYNN RESORTS LTD (WYNN)

Role: CEO, Director
Signature: /s/ Nicholas Pannucci, attorney-in-fact for Craig Scott Billings
Stock symbol: WYNN
Transactions as of: May 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/13/2022, 07:14 PM
Previous filing: Mar 2, 2022
Next filing: Jun 10, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WYNN	Stock Options (right to buy)	Award	$0	+21.8K		$0.00	21.8K	May 11, 2022	Common Stock, par value $0.01 per share	21.8K	$58.85	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 11, 2022, the Company initiated a voluntary program for certain employees of Wynn Macau, Limited to decrease cash expenditures by reducing the cash amounts of their base salaries for the remainder of 2022 in exchange for grants of an equivalent value of Wynn Macau, Limited restricted stock. In recognition of the significant portion of Wynn Resorts' NEOs' roles related to the oversight and supervision of our Macau Operations, Mr. Billings voluntarily reduced the cash amount of his base salary for the remainder of 2022 by 35% in exchange for a grant of an equivalent value of options to acquire Wynn Resorts, Limited common stock. Such options shall vest in full on December 31, 2022. Should Mr. Billings leave his employment prior to December 31, 2022 for any reason, the options shall vest on a pro-rata basis.

Content

On May 11, 2022, the Company initiated a voluntary program for certain employees of Wynn Macau, Limited to decrease cash expenditures by reducing the cash amounts of their base salaries for the remainder of 2022 in exchange for grants of an equivalent value of Wynn Macau, Limited restricted stock. In recognition of the significant portion of Wynn Resorts' NEOs' roles related to the oversight and supervision of our Macau Operations, Mr. Billings voluntarily reduced the cash amount of his base salary for the remainder of 2022 by 35% in exchange for a grant of an equivalent value of options to acquire Wynn Resorts, Limited common stock. Such options shall vest in full on December 31, 2022. Should Mr. Billings leave his employment prior to December 31, 2022 for any reason, the options shall vest on a pro-rata basis.