RRR - Notable Insider Move: Jeffrey T Welch Takes Part In Options Exercise At Red Rock Resorts | Benzinga
Highlighted on February 27, it was unveiled in an SEC filing that Welch, EVP and Chief Legal Officer at Red Rock Resorts (NASDAQ:RRR), executed a significant transaction involving the exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, Welch, EVP and Chief Legal Officer at Red Rock Resorts, executed a strategic derivative sale. This involved exercising stock options for 0 shares of RRR, resulting in a transaction value of $0.
Currently, Red Rock Resorts shares are trading up 1.11%, priced at $56.31 during Tuesday's morning. This values Welch's 0 shares at $0.
Delving into Red Rock Resorts's Background
Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically located casino and entertainment properties. It generates a majority of its revenue from Casino.
Red Rock Resorts: A Financial Overview
Revenue Growth: Over the 3 months period, Red Rock Resorts showcased positive performance, achieving a revenue growth rate of 8.75% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average ...