Meinert Todd 4

Accession 0001127602-24-025347

CIK 0000789570other

View on SEC.gov Company Profile

Filed

Oct 7, 8:00 PM ET

Accepted

Oct 8, 8:09 PM ET

Size

17.2 KB

Accession

0001127602-24-025347

Insider Transaction Report

Form 4

Period: 2024-10-04

MGM Resorts InternationalMGM

Meinert Todd

SVP & Chief Accounting Officer

Transactions

Award
Common Stock $.01 Par Value ND
2024-10-04+2,309→ 24,228 total
Tax Payment
Common Stock $.01 Par Value ND
2024-10-04$40.43/sh−563$22,762→ 23,665 total
Award
Restricted Stock Units
2024-10-07+4,137→ 4,137 total
From: 2025-10-07Exp: 2027-10-07→ Common Stock $.01 Par Value ND (4,137 underlying)
Award
Performance Share Units
2024-10-07+3,927→ 3,927 total
From: 2027-10-07Exp: 2027-10-07→ Common Stock $.01 Par Value ND (3,927 underlying)
Exercise/Conversion
Common Stock $.01 Par Value ND
2024-10-04+842→ 24,507 total
Exercise/Conversion
Restricted Stock Units
2024-10-04−842→ 843 total
From: 2022-10-04Exp: 2025-10-04→ Common Stock $.01 Par Value ND (842 underlying)
Tax Payment
Common Stock $.01 Par Value ND
2024-10-04$40.43/sh−206$8,329→ 24,301 total

Footnotes (4)

[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.
[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.
[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.
[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.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

MGM Resorts International

CIK 0000789570

→

Entity typeother

Related Parties

filerCIK 0001832044

Filing Metadata

Form type: 4
Filed: Oct 7, 8:00 PM ET
Accepted: Oct 8, 8:09 PM ET
Size: 17.2 KB

View on SEC.gov