Las Vegas Sands (LVS) Chairman and CEO Robert Goldstein has sold off 60,187 common shares in the company for almost US$3.2 million, according to company filings.
The shares were sold across multiple transactions last Friday 29 November, LVS said, at prices ranging from US$53.00 to US$53.08, with a weighted average price of US$53.02.
In remarks accompanying its filing, LVS said Goldstein also holds options to purchase 5,582,000 shares that are vested, options to purchase 1,168,000 shares that are unvested and 335,332 restricted stock units that are unvested.
The disposal comes with LVS shares having risen steading from around US$38.00 per share in early August to new six-month highs in recent days.
LVS, the parent company of Macau concessionaire Sands China and of Singapore’s Marina Bay Sands, recently announced a US$8 billion expansion of its Singapore resort, while major upgrade works to The Londoner Macao are nearing completion.
The company reported total net revenues of US$2.68 billion in 3Q24, with consolidated Adjusted Property EBITDA of US$991 million.
