Boyd Gaming CEO Sells $8.59M in Stock, Adding to Recent Insider Sales
Summary
Boyd Gaming's President and CEO, Keith Smith, sold 100,000 shares of common stock for $8.59 million, following a recent trend of insider selling at the company.
Key Events
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CEO Stock Sale
Keith Smith, President and CEO of Boyd Gaming, disposed of 100,000 shares of common stock in an open market transaction.
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Significant Value
The sale was valued at $8.59 million, representing a notable transaction for a key executive.
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Follows Prior Intent
This Form 4 filing executes the intent to sell previously disclosed in a Form 144 on June 3, 2026.
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Insider Selling Trend
This transaction contributes to a broader pattern of insider selling at Boyd Gaming, with over $8.4 million in net sales by insiders in the last 90 days.
Analysis
The sale of $8.59 million in stock by Boyd Gaming's President and CEO, Keith Smith, is an important event given his executive role and the size of the transaction. While the intent to sell was previously disclosed in a Form 144, this Form 4 confirms the execution of that sale. This transaction adds to a recent trend of insider selling at the company, with over $8.4 million in net sales by insiders in the past 90 days. The sale also occurs as the stock trades near its 52-week high, which could be interpreted as the CEO taking profits.
At the time of this filing, BYD was trading at $88.38 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $72.71 to $89.96. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.