Las Vegas Sands Corp. said Tuesday it was extending the contract of company President Rob Goldstein to 2024 and will increase his annual salary by $1.1 million.
In a filing with the Securities and Exchange Commission, the casino giant said it amending Goldstein’s current employment agreement from 2014. Goldstein has been with Las Vegas Sands since 1995 and his been president and chief operating officer since 2015.
Under the terms of the new agreement, Goldstein’s annual base salary will increase from $3.4 million to $4.5 million on Jan. 1, 2020. He will also receive options to purchase 2.5 million shares of company stock in installments of 500,000 shares over several years.
Goldstein is currently the No. 2 executive at Las Vegas Sands behind Chairman and CEO Sheldon Adelson.
Goldstein is also Las Vegas Sands’ president of global gaming operations where he is responsible for the company’s expansion in Asia and the U.S.
Shares of Las Vegas Sands closed at $50.33 on the New York Stock Exchange, down 12 cents or 0.24 percent.
