Robert M. Lavan - Mar 1, 2023 Form 4 Insider Report for Bally's Corp (BALY)

Role
Executive Vice President, CFO
Signature
/s/ Victoria Ellis, Attorney-In-Fact
Stock symbol
BALY
Transactions as of
Mar 1, 2023
Transactions value $
-$51,608
Form type
4
Date filed
3/3/2023, 04:06 PM
Previous filing
Jan 4, 2023
Next filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BALY Common Stock Award $0 +9.79K +57.47% $0.00 26.8K Mar 1, 2023 Direct F1
transaction BALY Common Stock Tax liability -$51.6K -2.54K -9.45% $20.35 24.3K Mar 1, 2023 Direct F2
holding BALY Common Stock 21 Mar 1, 2023 In Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2023, the reporting person was granted 11,523 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain financial and other strategic goals were met for the year ended December 31, 2022. Based on the performance of Bally's Corporation (the "Company") against the applicable goals, 9,794 performance units subject to such criteria vested on March 1, 2023, resulting in the issuance of 9,794 shares of the Company's common stock to the reporting person.
F2 As described in footnote 1, on March 1, 2023, the reporting person became entitled to receive 9,794 shares of the Company's common stock. The Company retained 2,536 shares of Company common stock to satisfy certain tax withholding obligations in connection with the vesting.
F3 These shares are held in a trust for the benefit of the reporting person's child for which the reporting person serves as trustee. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.