LVSLas Vegas Sands
Deals between LVS and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-04-01 reports that the one filed 2025-04-03 did not, quoted as filed.
New this year
2 newParagraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-03.
CERTAIN TRANSACTIONS“SUPPORT SERVICES AGREEMENT Pursuant to a support services agreement among Las Vegas Sands Corp. and Interface Operations, LLC, an entity controlled by members of the Adelson family (“Interface Operations”), the parties have agreed to provide to one another certain services, including accounting, finance, procurement, risk management, development, legal, operational, management, facilities, government relations, information technology support, security, communications, engineering, construction and design, and such other general administrative services that a party may request from time to time of the other. These services also include Company support for the Dallas Basketball group (an entity that supports the Dallas Mavericks, in which Mr. Dumont is the Dallas Maverick’s governor and representative to the NBA Board of Governors).”
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CERTAIN TRANSACTIONS“Under this agreement, Las Vegas Sands Corp. charged Interface Operations $4.8 million for services provided by Company personnel during 2025.”
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No longer reported 1 paragraph of the proxy filed 2025-04-03 with nothing like them this year
CERTAIN TRANSACTIONS“Mr. Goldstein made payments of $12,019 to the Company during 2024 for services provided by Company personnel at his residence.”
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The whole section 20 paragraphs, proxy filed 2026-04-01
CERTAIN TRANSACTIONS“Set forth below is a description of certain transactions with our executive officers and directors. Under its charter, the Audit Committee approves all related party transactions required to be disclosed in our public filings. For more information about our policies with respect to transactions with related parties, refer to “Corporate Governance - Related Party Transactions.””
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CERTAIN TRANSACTIONS“SUPPORT SERVICES AGREEMENT Pursuant to a support services agreement among Las Vegas Sands Corp. and Interface Operations, LLC, an entity controlled by members of the Adelson family (“Interface Operations”), the parties have agreed to provide to one another certain services, including accounting, finance, procurement, risk management, development, legal, operational, management, facilities, government relations, information technology support, security, communications, engineering, construction and design, and such other general administrative services that a party may request from time to time of the other. These services also include Company support for the Dallas Basketball group (an entity that supports the Dallas Mavericks, in which Mr. Dumont is the Dallas Maverick’s governor and representative to the NBA Board of Governors).”
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CERTAIN TRANSACTIONS“Under this agreement, Las Vegas Sands Corp. charged Interface Operations $4.8 million for services provided by Company personnel during 2025.”
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CERTAIN TRANSACTIONS“REGISTRATION RIGHTS AGREEMENT Mr. Sheldon G. Adelson (our former chairman and CEO), Mr. Forman and Mr. Goldstein and certain other stockholders and employees, former employees and certain trusts they established entered into a registration rights agreement with us relating to the shares of Common Stock they hold. Subject to several exceptions, including our right to defer a demand registration under certain circumstances, the Adelson Holders, as defined in the agreement, may require that we register for public resale under the Securities Act all shares of Common Stock they request be registered at any time, subject to certain conditions. The Adelson Holders may demand registrations so long as the securities being registered in each registration statement are reasonably expected to produce aggregate proceeds of $20 million or more. Since we became eligible to register the sale of our securities on Form S-3 under the Securities Act, the Adelson Holders have the right to require us to register the sale of the Common Stock held by them on Form S-3, subject to offering size and other restrictions.”
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CERTAIN TRANSACTIONS“The other stockholders that are party to this agreement were granted piggyback registration rights on any registration for the account of the Adelson Holders, subject to cutbacks if the registration requested by the Adelson Holders is in the form of a firm commitment underwritten offering and if the underwriters of the offering determine the number of securities to be offered would jeopardize the success of the offering.”
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CERTAIN TRANSACTIONS“In addition, the stockholders and employees that are party to this agreement and the trusts have been granted piggyback rights on any registration for our account or the account of another stockholder, subject to cutbacks if the underwriters in an underwritten offering determine the number of securities offered in a piggyback registration would jeopardize the success of the offering.”
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CERTAIN TRANSACTIONS“On November 14, 2008, Las Vegas Sands Corp. entered into a second amended and restated registration rights agreement with Dr. Miriam Adelson (Mr. Adelson’s spouse) and certain other stockholders.”
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Aviation and Related Personnel“Sands Aviation, LLC (“Sands Aviation”), a wholly owned subsidiary of Las Vegas Sands Corp., is engaged primarily in the business of providing aviation personnel, including pilots, aircraft mechanics and flight attendants, and administrative personnel, to the Company and to Interface Operations. Sands Aviation charges a fee to each of Las Vegas Sands Corp.”
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Aviation and Related Personnel“and Interface Operations for their respective use of these personnel. The fees charged by Sands Aviation are based upon its actual costs of employing or retaining these personnel, which are then allocated between Las Vegas Sands Corp. and Interface Operations. The method of allocating these costs varies depending upon the nature of the service provided. For example, pilot services are allocated based upon the actual time spent operating aircraft for Las Vegas Sands Corp. and for Interface Operations, respectively. The services of Sands Aviation’s aircraft mechanics are allocated based on the number and manufacturer of aircraft serviced, and the services of administrative personnel are allocated based upon the number of aircraft maintained by Las Vegas Sands Corp. and Interface Operations, respectively. In addition, hangar lease and other operating costs are allocated based upon various factors, including the number and base location of aircraft maintained by Las Vegas Sands Corp. and Interface Operations, respectively. During 2025, Sands Aviation charged Interface Operations approximately $39.6 million for its use of Sands Aviation’s personnel, operating costs and other overhead costs. This is inclusive of payments made by the Company to manage Interface Operations’ aircraft.”
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Time Sharing Agreements“Las Vegas Sands Corp. and its subsidiaries use aircraft owned by companies controlled by the Adelson family for business purposes, including flying patrons to our properties. We believe our use of these aircraft provides the Company with a significant competitive advantage in attracting patrons to our properties, and similar aircraft with comparable amenities are not generally available for charter.”
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Time Sharing Agreements“Accordingly, Las Vegas Sands Corp. has entered into several aircraft time sharing agreements and aircraft cost sharing agreements with Interface Operations. Additionally, associates of the Adelson family and non-employee directors may periodically use the Company’s aircraft, whereby they are required to enter into a time sharing agreement with the Company.”
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Time Sharing Agreements“Under the agreements, the party using an aircraft pays fees of up to (i) twice the cost of the fuel, oil and other additives used, (ii) all fees, including fees for landing, parking, hangar, tie-down, handling, customs, use of airways and permission for overflight, (iii) all expenses for catering and in-flight entertainment materials, (iv) all expenses for flight planning and weather contract services, (v) all travel expenses for pilots, flight attendants and other flight support personnel, including food, lodging and ground transportation and (vi) all communications charges, including in-flight telephone. Under the agreements, Las Vegas Sands Corp. charged Interface Operations approximately $2.5 million in respect of Interface Operations’ 2025 use of our aircraft, and Interface Operations charged Las Vegas Sands Corp. approximately $1.2 million in respect of our 2025 use of Interface Operations’ aircraft. The Company also charged associates of the Adelson family and non-employee directors $0.5 million for the 2025 use of our aircraft.”
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Time Sharing Agreements“We believe the amounts paid to companies controlled by the Adelson family for the use of the aircraft are less than what we would be required to pay to a third party provider, if comparable aircraft were available, and also believe the amounts paid pursuant to the agreements relating to the use of the aircraft described above do not provide for profits or a return on investment to the companies controlled by the Adelson family.”
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Aircraft Maintenance Master Services Agreement“Sands Aviation and Citadel Completions LLC (“Citadel”), an entity owned by a trust for the benefit of certain members of the Adelson family, have entered into an aircraft maintenance master services agreement under which Citadel may perform aircraft refurbishment and maintenance services on aircraft managed by Sands Aviation. During 2025, Citadel charged Sands Aviation approximately $2.2 million for services provided by Citadel under this agreement.”
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Aircraft Maintenance Master Services Agreement“We believe the amounts paid to Citadel for aircraft maintenance are lower than what we would be required to pay to other third party providers based upon competitive bidding accomplished in connection with procuring such services. We also believe Citadel provides the Company the additional benefits of more urgent accessibility, lower levels of aircraft downtime and increased quality of work and service level.”
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CERTAIN TRANSACTIONS“OTHER TRANSACTIONS We have employed Dr. Adelson since February 2021 as Co-Founder and Special Advisor to the Company, and from August 1990 to February 2021 as the Director of Community Involvement. In conjunction with our Government Relations Department, Dr. Adelson oversees and facilitates our partnerships with key community groups and other charitable organizations. We paid her $63,366 during 2025.”
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CERTAIN TRANSACTIONS“During 2025, Las Vegas Sands Corp. made payments of $0.6 million for security support and newspaper subscriptions from entities in which the Adelson family have an ownership interest.”
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CERTAIN TRANSACTIONS“Las Vegas Sands Corp. provided security services to Dr. Adelson amounting to $3.1 million during 2025. These security measures were provided for the benefit of the Company and based on the advice of an independent security consultant.”
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CERTAIN TRANSACTIONS“PROPERTY AND CASUALTY INSURANCE With the exception of aviation-related coverages, the Company and entities controlled by the Adelson family that are not subsidiaries of Las Vegas Sands Corp. (the “Stockholder Controlled Entities”) purchase property and casualty insurance separately. The Company and the Stockholder Controlled Entities bid for and purchase aviation-related coverages together.”
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CERTAIN TRANSACTIONS“Las Vegas Sands Corp. and the Stockholder Controlled Entities are separately invoiced for, and pay for, aviation-related insurance and allocate the aviation insurance costs not related to particular aircraft among themselves in accordance with the other allocations of aviation costs discussed above.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
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