Darnell O. Strom - May 11, 2022 Form 4 Insider Report for WYNN RESORTS LTD (WYNN)

Role: Director
Signature: /s/ Nicholas Pannucci, attorney-in-fact for Darnell O. Strom
Stock symbol: WYNN
Transactions as of: May 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/13/2022, 07:25 PM
Previous filing: May 6, 2022
Next filing: May 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WYNN	Common Stock, par value $0.01	Award	$0	+475	+5.6%	$0.00	8.96K	May 11, 2022	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 support of this initiative, Mr. Strom voluntarily reduced the cash amount of his annual director fee for the remainder of 2022 by 33% in exchange for a grant of an equivalent value of Wynn Resorts, Limited restricted stock. Such restricted stock shall vest in full on December 31, 2022. Should Mr. Strom leave Wynn Resorts' board of directors prior to December 31, 2022 for any reason, the restricted stock 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 support of this initiative, Mr. Strom voluntarily reduced the cash amount of his annual director fee for the remainder of 2022 by 33% in exchange for a grant of an equivalent value of Wynn Resorts, Limited restricted stock. Such restricted stock shall vest in full on December 31, 2022. Should Mr. Strom leave Wynn Resorts' board of directors prior to December 31, 2022 for any reason, the restricted stock shall vest on a pro-rata basis.