Form 4 for MGM MGM Resorts
Accepted 2024-10-08 00:00:00 ET · period of report 2024-10-04 · accession 0001127602-24-025347 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-10-08 | 2024-10-04 | MGM | Meinert Todd | SVP, CAO | M - OptEx | $0.00 | +842 | 24.5K | +4% | $0 |
| DM | 2024-10-08 | 2024-10-04 | MGM | Meinert Todd | SVP, CAO | F - Tax | $40.43 | -769 | 24.3K | -3% | -$31.1K |
| D | 2024-10-08 | 2024-10-04 | MGM | Meinert Todd | SVP, CAO | A - Grant | $0.00 | +2,309 | 24.2K | +11% | $0 |
| DM | 2024-10-08 | 2024-10-07 | MGM | Meinert Todd | SVP, CAO | A - Grant | $0.00 | +8,064 | 4,137 | New | $0 |
| D | 2024-10-08 | 2024-10-04 | MGM | Meinert Todd | SVP, CAO | M - OptEx | $0.00 | -842 | 843 | -50% | $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 | 2024-10-04 | M | A | 842 | $0.00 | 24,507 | D | — | — | |
| 2 | Common | Common Stock $.01 Par Value ND | 2024-10-04 | F | D | 563 | $40.43 | 23,665 | D | — | — | |
| 3 | Common | Common Stock $.01 Par Value ND | 2024-10-04 | A | A | 2,309 | $0.00 | 24,228 | D | — | — | (F1) Represents the vesting of 3,205.11383 performance share units (PSUs) granted on 10/4/2021, 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 three years after the grant date (Vesting Date), relative to a target price of $52.20 (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, 0.72046 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. |
| 4 | Common | Common Stock $.01 Par Value ND | 2024-10-04 | F | D | 206 | $40.43 | 24,301 | D | — | — | |
| 5 | Derivative | Performance Share Units | 2024-10-07 | A | A | 3,927 | $0.00 | 3,927 | D | — · 2027-10-07 to 2027-10-07 | 3,927 Common Stock $.01 Par Value ND | (F4) Performance Share Units (PSUs) granted under the Plan. Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts International common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date, relative to a target price of $47.21. |
| 6 | Derivative | Restricted Stock Units | 2024-10-04 | M | D | 842 | $0.00 | 843 | D | — · 2022-10-04 to 2025-10-04 | 842 Common Stock $.01 Par Value ND | (F2) Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. Any fractional shares are paid in cash upon settlement. |
| 7 | Derivative | Restricted Stock Units | 2024-10-07 | A | A | 4,137 | $0.00 | 4,137 | D | — · 2025-10-07 to 2027-10-07 | 4,137 Common Stock $.01 Par Value ND | (F3) Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts International common stock. The RSUs will vest in three equal annual installments commencing on the first anniversary of the grant date. |