SALEM PAUL J 4

What Happened
Paul J. Salem, a non-employee director of MGM Resorts International (MGM), was awarded 2,634.423 Deferred Stock Units (DSUs) on March 31, 2026. The award is reported at an equivalent per-share value of $37.01, for a total reported value of $97,500. This was a grant/award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and filing: March 31, 2026 (Form 4 filed April 2, 2026). Filing appears to be within the normal Form 4 reporting window.
• Units and value: 2,634.423 DSUs at $37.01 per unit, total $97,500.
• Shares/units owned after transaction: Not specified in the filing.
• Footnote: The DSUs are granted under the Company’s Deferred Compensation Plan for Non-Employee Directors. Each DSU equals the economic value of one share and becomes payable when the director leaves board service (see footnote F1).
• Transaction type: Derivative award (A); not a cash purchase or sale.

Context: DSU grants to non-employee directors are routine compensation and represent deferred pay rather than an immediate market purchase. Because DSUs mimic the economic value of shares but are payable upon termination of service, they do not necessarily indicate a director’s near-term buying or selling intent.