Welch Jeffrey T 4

What Happened
Jeffrey T. Welch, EVP and Chief Legal Officer of Red Rock Resorts (RRR), had 4,690 shares withheld by the company to cover tax liabilities upon vesting of previously granted restricted shares. The withholding was calculated at $58.81 per share for a total value of $275,819. This transaction is a routine tax-withholding disposition (coded F), not an open-market sale.

Key Details

• Transaction date: 2026-03-18
• Price per share: $58.81; Shares withheld/disposed: 4,690; Total value: $275,819
• Shares owned after transaction: Not reported in the provided filing
• Footnote: F1 — shares were withheld by the company to cover applicable taxes upon vesting of restricted shares previously granted
• Filing: Form 4 filed 2026-03-20 (timely within the usual two-business-day window)

Context
Tax-withholdings on vested restricted stock are common and simply satisfy tax obligations; they are not the same as an insider selling shares on the open market. Such disposals generally don’t carry the same informational weight as voluntary open-market purchases or sales. Transaction code F indicates a withholding/tax payment rather than a proactive trade.