Craig Scott Billings - Jan 12, 2023 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
Jan 12, 2023
Transactions value $
$0
Form type
4
Date filed
1/17/2023, 07:07 PM
Previous filing
Jan 13, 2023
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WYNN Common Stock, par value $0.01 per share Award $0 +37.6K +17.61% $0.00 251K Jan 12, 2023 Direct F1
transaction WYNN Common Stock, par value $0.01 per share Award $0 +25.1K +9.98% $0.00 277K Jan 12, 2023 Direct F2

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 Performance Share Units Award $0 +20.9K $0.00 20.9K Jan 12, 2023 Common Stock, par value $0.01 $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares of common stock, par value $0.01 per share, of Wynn Resorts, Limited (the "Company") granted pursuant to the Company's Amended and Restated 2014 Omnibus Incentive Plan (the "Plan"). Vesting of the shares is conditioned on continued service through January 12, 2026, with 1/3 of the shares vesting on each of the three consecutive anniversary dates from the date of grant; provided that if the reporting person's employment with the Company is terminated, certain accelerated vesting provisions may apply.
F2 Restricted shares of common stock, par value $0.01 per share, of the Company granted pursuant to the Plan. Vesting of the shares is is based on achievement of pre-established financial performance goals in each of the years ended December 31, 2023, 2024 and 2025, and if met, 1/3 of the shares will vest on each of the dates of February 28, 2024, 2025 and 2026; provided that if the reporting person's employment with the Company is terminated, certain accelerated vesting provisions may apply.
F3 Represents the grant of performance share units ("PSUs") pursuant to the Plan. Each PSU represents the right to receive between 0 and 1.6 shares of Company common stock depending on the performance of the common stock from January 1, 2023 to January 1, 2026 (the "Vesting Date"), with such performance determined as the multiple of the average closing price of Company common stock over the 60-calendar day period ending on the Vesting Date, as adjusted to include dividends paid during the term of the PSU, to the average closing price of Company common stock over the 60-calendar day period ending on January 1, 2023.