Form 4 for MGM MGM Resorts
Accepted 2022-10-11 00:00:00 ET · period of report 2022-10-07 · accession 0001127602-22-023864 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-10-11 | 2022-10-07 | MGM | HORNBUCKLE WILLIAM | CEO AND Pres, Dir | F - Tax | $32.68 | -24.0K | 314.2K | -7% | -$785.7K |
| M | 2022-10-11 | 2022-10-07 | MGM | HORNBUCKLE WILLIAM | CEO AND Pres, Dir | A - Grant | $0.00 | +61.1K | 324.1K | +23% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock $.01 Par Value ND | 2022-10-07 | F | D | 14,157 | $32.68 | 298,946 | D | — | — | |
| 2 | Common | Common Stock $.01 Par Value ND | 2022-10-07 | A | A | 35,977 | $0.00 | 313,103 | D | — | — | (F1) Represents the vesting of 37,369.1651 performance share units (PSUs) granted on 10/7/2019 under the MGM Resorts International (Company) Amended and Restated 2005 Omnibus Incentive Plan (Plan). Each PSU represented the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that was 3 years after the grant date (Vesting Date), relative to a target price of $35.34 (Target Price). The Target Price is equal to 125% of the average closing price of Company common stock over the 60-calendar day period ending on the grant date. The number of shares issued per PSU, 0.96275 shares, was calculated by dividing the ending average stock price by the Target Price. For this purpose, the ending average stock price is the average closing price of Company common stock over the 60-day period ending on the Vesting Date, as adjusted to include dividends paid during the term of the PSU. |
| 3 | Common | Common Stock $.01 Par Value ND | 2022-10-07 | A | A | 25,121 | $0.00 | 324,067 | D | — | — | (F2) Represents the vesting of 30,606.281 PSUs granted on October 7, 2019 under the Plan. The number of shares awarded at the end of the performance period was based upon the Company's three-year total shareholder return (TSR) compared to the TSRs of the constituents of the S&P 500 Index. |
| 4 | Common | Common Stock $.01 Par Value ND | 2022-10-07 | F | D | 9,886 | $32.68 | 314,181 | D | — | — |