BOYD GAMING CORP (BYD)

Insider Trading Filed: 2026-05-14

Key Insights

Director Christine J. Spadafor sold 1,237 shares of BYD on 05/13/2026 at an average price of $80.91, reducing her direct holdings to 8,757 shares, representing a modest 12.4% reduction in her position.
The sale was executed through multiple transactions ranging from $80.88 to $80.94, suggesting a systematic approach to liquidating the position rather than a single large transaction.
As a director-level insider, this sale could indicate either portfolio rebalancing or reduced conviction, though the relatively small transaction size relative to total holdings suggests routine wealth management rather than a major strategic shift.

Insider Trading Filed: 2026-05-11

Key Insights

Director Christine J. Spadafor acquired 2,347 shares of Boyd Gaming through vesting of Restricted Stock Units (RSUs) granted under the 2020 Stock Incentive Plan with no monetary consideration, indicating compensation through equity rather than a market purchase.
Following the transaction, Spadafor's total beneficial ownership stands at 9,994 shares held directly, representing a modest personal stake relative to her director position at the company.
The RSUs fully vested and converted to common stock on the grant date (05/07/2026), suggesting this is a routine equity compensation event rather than a discretionary insider buying signal or confidence indicator.

Insider Trading Filed: 2026-05-11

Key Insights

Paul W. Whetsell, a Director at Boyd Gaming, acquired 2,347 shares of common stock on May 7, 2026, through the vesting of Restricted Stock Units (RSUs) granted under the 2020 Stock Incentive Plan at no cost to him.
This transaction represents a routine equity compensation vesting event rather than discretionary insider buying, as the RSUs were granted as part of compensation and fully vested upon grant date with automatic share issuance.
Whetsell's total beneficial ownership increased to 25,358 shares following this transaction, indicating a modest position in the company relative to typical director holdings.
The filing was signed by Uri Clinton as Attorney-in-Fact, suggesting Whetsell may be unavailable or delegated signing authority, which is administratively routine.

Insider Trading Filed: 2026-05-11

Key Insights

Director John Robert Bailey acquired 2,347 shares of BYD common stock on 05/07/2026 through vesting of Restricted Stock Units (RSUs) granted under the 2020 Stock Incentive Plan, with no purchase price indicating compensation-based equity grant.
The shares are held indirectly through the JRB-TAT Bailey Family Trust, bringing Bailey's total beneficial ownership to 29,858 shares; this represents compensation vesting rather than open market insider buying, which is a routine corporate governance activity.
The transaction involves RSUs that fully vested immediately upon grant date with automatic share issuance, suggesting this is part of standard director compensation rather than a discretionary investment decision reflecting confidence in the company's direction.

Insider Trading Filed: 2026-05-11

Key Insights

Marianne Boyd Johnson, Chairman and 10% owner, received 2,347 RSUs that vested immediately on 05/07/2026 with zero consideration, representing routine equity compensation rather than discretionary insider buying.
Johnson's total beneficial ownership across direct and indirect holdings exceeds 11.1 million shares, demonstrating substantial long-term commitment to Boyd Gaming with significant personal wealth concentration in the company.
The filing shows complex ownership structures through multiple trusts and LLCs (8 different entities listed), which is typical for high-net-worth executives managing family wealth and estate planning but requires careful monitoring for potential conflicts.
No derivative securities (options, warrants) are held or exercised in this filing, and the transaction consists solely of vested RSU compensation, indicating this is a routine equity grant rather than a significant market signal.

Insider Trading Filed: 2026-05-11

Key Insights

Director William R. Boyd acquired 2,347 shares of common stock on 05/07/2026 through vesting of Restricted Stock Units (RSUs) granted under the 2020 Stock Incentive Plan, with no consideration paid, indicating routine equity compensation.
Boyd's direct beneficial ownership stands at 17,535 shares following the transaction, while he maintains significant indirect ownership of 1,930,447 shares through the William R. Boyd Gaming Properties Trust and 87,034 shares through another trust vehicle, totaling approximately 2.03 million shares.
The filing shows compensation-driven equity activity rather than discretionary open-market buying, which could suggest management confidence is not being actively demonstrated through additional personal investment at current price levels.
As a Director and substantial shareholder with over 2 million shares beneficially owned across direct and trust holdings, Boyd maintains significant alignment with shareholder interests despite the transaction being a routine vesting event.

Insider Trading Filed: 2026-05-11

Key Insights

Director Michael A. Hartmeier acquired 2,347 shares of Boyd Gaming common stock through RSU vesting on 05/07/2026, with no consideration paid, indicating a routine equity compensation grant rather than voluntary market purchases.
The acquisition was at $0.00 price, confirming these were restricted stock units that vested and converted to common shares as part of the company's 2020 Stock Incentive Plan, not an open market transaction.
Hartmeier's total beneficial ownership increased to 8,315 shares following this transaction, demonstrating modest insider equity stake relative to typical director compensation practices.

Insider Trading Filed: 2026-05-11

Key Insights

Director Thoman A. Randall acquired 2,347 shares of Boyd Gaming common stock on 05/07/2026 through vesting of Restricted Stock Units (RSUs) granted under the 2020 Stock Incentive Plan with zero consideration, indicating routine equity compensation rather than discretionary insider buying.
Randall's total direct beneficial ownership stands at 12,854 shares following this transaction, with an additional 3,154 shares held indirectly through a trust, representing a relatively modest insider stake that does not signal significant conviction in the company's prospects.
The transaction was a mechanical vesting event rather than a voluntary open-market purchase, limiting its value as a positive signal about management's confidence in Boyd Gaming's stock valuation or near-term performance.

Current Report Filed: 2026-05-08

Key Insights

All eight director nominees were successfully elected at the 2026 Annual Meeting, with strong voting support across the board, indicating stable governance and shareholder confidence in current leadership.
Marianne Boyd Johnson and William R. Boyd received the highest approval votes (57.7M and 56.1M respectively), suggesting strong investor backing for family leadership while Christine J. Spadafor had the lowest votes (40.2M), though still comfortably elected.
Deloitte & Touche LLP was overwhelmingly ratified as independent auditor with 97.3% approval (69.5M votes for vs 1.8M against), demonstrating strong confidence in the audit process and financial controls.
The advisory vote on executive compensation passed with approximately 74.4% approval despite 15.4M votes against, indicating some shareholder concerns about compensation levels but overall acceptance of pay practices.

Current Report Filed: 2026-05-07

Key Insights

Boyd Gaming declared a quarterly cash dividend of $0.20 per share, demonstrating continued commitment to returning capital to shareholders and suggesting confidence in operational cash flow generation.
The dividend maintains consistency with typical gaming industry capital allocation practices, indicating stable financial performance and management's belief in sustainable earnings.
The filing represents a routine quarterly dividend announcement with no material operational, financial, or strategic developments disclosed, suggesting normal business operations without significant events.

Quarterly Report Filed: 2026-04-30

Key Insights

Q1 2026 revenue increased to $6,223M from $5,557M in Q1 2025, representing 12% year-over-year growth driven by strong casino and online operations performance across multiple segments.
Net income improved to $332M in Q1 2026 compared to $255M in Q1 2025, demonstrating enhanced profitability and operational efficiency with a 30% increase in bottom-line earnings.
The company continued its share repurchase program with disciplined capital allocation, retiring repurchased shares while maintaining strong balance sheet metrics with total assets at $98,754M.
Diluted EPS grew from $0.18 in Q1 2025 to $0.20 in Q1 2026, indicating positive shareholder value creation through improved earnings and reduced share count from the ongoing buyback program.

Current Report Filed: 2026-04-23

Key Insights

Boyd Gaming announced Q1 2026 financial results on April 23, 2026, providing shareholders with earnings performance data for the quarter ended March 31, 2026.
The 8-K filing is a routine earnings announcement with no material events, agreements, leadership changes, or guidance updates disclosed beyond the press release reference.
As a non-emerging growth company, Boyd Gaming maintains standard SEC reporting obligations without extended transition periods for new accounting standards.

Insider Trading Filed: 2026-02-25

Key Insights

Keith Smith, the President and CEO of Boyd Gaming Corp, acquired 35,608 restricted stock units as part of the company's 2020 Stock Incentive Plan. This indicates his continued commitment to the company's long-term success.
Smith also holds 325 shares indirectly through his spouse, further aligning his interests with shareholders.
The grant of restricted stock units to the CEO is a common practice to incentivize and retain key leadership, suggesting Boyd Gaming's focus on stability and continuity in its management team.

Current Report Filed: 2026-02-24

Key Insights

Stephen Thompson, the Chief Administrative Officer, is retiring from Boyd Gaming Corporation effective March 31, 2026. This leadership change could signal potential shifts in the company's strategic direction or operations.
The filing does not mention any disagreements between Mr. Thompson and the company, indicating his departure is for personal reasons rather than due to performance or policy issues.
The timely disclosure of this executive departure, along with the lack of any negative circumstances, suggests transparent communication and management stability at Boyd Gaming.

Annual Report Filed: 2026-02-20

Key Insights

Boyd Gaming has a strong focus on cybersecurity risk management, with a comprehensive approach that includes policies, standards, processes, and practices overseen by the Board of Directors.
The company has a seasoned CISO and technology leadership team with extensive experience in managing cybersecurity and other enterprise risks.
The Board of Directors receives regular updates and discussions on cybersecurity risks, including incident response and threat environment monitoring.

Current Report Filed: 2026-02-19

Key Insights

Boyd Gaming Corporation declared a cash dividend of $0.20 per share, payable on April 15, 2026 to shareholders of record on March 16, 2026.
The dividend declaration signals the company's confidence in its financial position and commitment to returning value to shareholders.
As a publicly traded gaming and hospitality company, the dividend announcement is a positive development that may be of interest to investors.

Insider Trading Filed: 2026-02-19

Key Insights

William R. Boyd, the reporting person, is a director of Boyd Gaming Corp and has significant indirect beneficial ownership of the company's common stock through two trusts.
Boyd Gaming Corp director William R. Boyd sold 30,000 shares of the company's common stock on February 18, 2026 for an average price of $84.84 per share.
The director still maintains substantial indirect beneficial ownership of 2,017,481 shares of Boyd Gaming Corp, representing over 10% of the company's outstanding shares.

Current Report Filed: 2026-02-05

Key Insights

Boyd Gaming Corporation reported its financial results for the fourth quarter and full year 2025, indicating the company's performance and providing investors with key information to assess the business's health.
The company's results and financial condition appear stable, as there were no significant surprises or material changes reported in the 8-K filing.
Investors should continue to monitor Boyd Gaming's ongoing financial performance, operational updates, and any potential changes in the company's strategic direction or leadership.

Current Report Filed: 2026-01-21

Key Insights

The company has entered into a new $2.65 billion credit agreement that will refinance its prior credit facility and provide additional funding for working capital and general corporate purposes.
The new credit agreement includes an accordion feature that allows the company to increase the revolving credit facility and term loan facility by up to $1.25 billion, subject to certain conditions.
The new credit agreement includes financial covenants such as a minimum interest coverage ratio and maximum total net leverage ratio, as well as restrictions on debt, investments, and dividends.

Insider Trading Filed: 2026-01-07

Key Insights

This Form 4 filing indicates that Ted Bogich, the Chief Operating Officer of Boyd Gaming Corp, has voluntarily filed to report that he is no longer serving as an officer of the company effective December 31, 2025.
The filing does not provide any additional details about the reasons for Bogich's departure or any potential impact on the company's operations.
Investors should monitor any subsequent announcements from Boyd Gaming regarding leadership changes and their potential implications for the company's future performance.

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Important Information