Billings Craig Scott 4

What Happened
Craig Billings, CEO and Director of Wynn Resorts Ltd (WYNN), had a total of 10,595 shares withheld on February 28, 2026 to satisfy tax withholding obligations tied to vested restricted stock. The withholdings were reported as dispositions at $108.19 per share: 3,293 shares ($356,270), 3,388 shares ($366,548) and 3,914 shares ($423,456), for an aggregate value of approximately $1,146,274. This is a routine tax-withholding event associated with RSU vesting rather than an open-market sale motivated by investment views.

Key Details

• Transaction date: 2026-02-28; Price per share: $108.19.
  • 3,293 shares withheld — $356,270 (footnote F1)
  • 3,388 shares withheld — $366,548 (footnote F2)
  • 3,914 shares withheld — $423,456 (footnote F3)
• Total withheld: 10,595 shares for ~$1,146,274.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F3 indicate shares were withheld to satisfy tax withholding on restricted stock that vested from grants dated Jan 12, 2023 (F1), Jan 9, 2024 (F2), and Jan 7, 2025 (F3).
• Filing timeliness: Report filed 2026-03-02 for a 2026-02-28 transaction — appears to be timely (within typical Form 4 reporting window).
• Transaction code: F (payment of exercise price or tax liability via share withholding).

Context
Withholding shares to cover taxes on vested restricted stock is common for executives and is generally considered a routine administrative disposition rather than a directional bet on the stock. These withheld shares may be canceled or sold by the company to cover tax, so they do not necessarily reflect an open-market sale. Purchases by insiders tend to carry more weight for signaling, while tax-withholding dispositions are standard compensation mechanics.