Craig Scott Billings - Jan 9, 2024 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 9, 2024
Transactions value $
-$1,090,822
Form type
4
Date filed
1/11/2024, 07:01 PM
Previous filing
Nov 30, 2023
Next filing
Jan 12, 2024

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 +28.9K +11.67% $0.00 276K Jan 9, 2024 Direct F1
transaction WYNN Common Stock, par value $0.01 per share Sale -$1.09M -11.5K -4.14% $95.26 265K Jan 9, 2024 Direct F2
transaction WYNN Common Stock, par value $0.01 per share Award $0 +38.7K +14.63% $0.00 304K Jan 9, 2024 Direct F3
transaction WYNN Common Stock, par value $0.01 per share Award $0 +25.8K +8.51% $0.00 329K Jan 9, 2024 Direct F4

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 +21.5K $0.00 21.5K Jan 9, 2024 Common Stock, par value $0.01 $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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"), which shares vested immediately upon grant.
F2 Shares withheld to satisfy tax withholding obligation upon vesting of immediately vested stock granted on January 9, 2024.
F3 Restricted shares of common stock, par value $0.01 per share, of the Company granted pursuant to the Plan. Vesting of the shares is conditioned on continued service through January 9, 2027, 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.
F4 Restricted shares of common stock, par value $0.01 per share, of the Company granted pursuant to the Plan. Vesting of the shares is based on achievement of pre-established financial performance goals in each of the years ended December 31, 2024, 2025 and 2026, and if met, 1/3 of the shares will vest on each of the dates of February 28, 2025, 2026 and 2027; provided that if the reporting person's employment with the Company is terminated, certain accelerated vesting provisions may apply.
F5 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, 2024 to January 1, 2027 (the "Vesting Date"), with such performance determined as the multiple of the volume-weighted average closing price of Company common stock over the 60 trading days preceding the Vesting Date, as adjusted to include dividends paid during the term of the PSU, to the volume-weighted average closing price of Company common stock over the 60 trading days preceding January 1, 2024.