Langley Donna 4

What Happened

• Donna Langley, a director of MGM Resorts International (MGM), reported derivative transactions tied to her director compensation. On May 6, 2026, 6,675 restricted stock units (RSUs) vested/converted and were reported both as acquired and disposed (transaction code M) at $0.00. On May 7, 2026, she was credited with 6,298 additional derivative units (transaction code A) under the Company’s plans, reported at $0.00.
• These were not open‑market purchases or cash sales — they are awards/settlements of equity compensation (RSUs/DSUs), and no cash transaction value was reported.

Key Details

• Transaction dates and codes:
  • 2026-05-06: M (exercise/conversion of derivative) — 6,675 shares acquired @ $0.00 and 6,675 shares disposed @ $0.00.
  • 2026-05-07: A (grant/award) — 6,298 derivative units acquired @ $0.00.
• Footnotes of note:
  • F1/F2: The May 6 items relate to RSUs under the 2022 Omnibus Incentive Plan; those RSUs vested on May 6, 2026.
  • F3: Some units are Deferred Stock Units (DSUs) under the director deferred compensation plan; DSUs are payable upon the director’s termination of service.
  • F4: The newly granted RSUs have vesting tied to the earlier of May 7, 2027 or the next annual meeting, per the award terms.
• Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
• Filing timeliness: Form filed May 8, 2026 covering May 6–7 transactions (appears timely based on typical Form 4 rules).

Context

• RSUs and DSUs are compensation instruments: RSUs convert to shares upon vesting; DSUs track value and are typically paid out when a director leaves service. The $0.00 entries indicate conversion/settlement of awards rather than an open‑market trade.
• These types of filings commonly reflect routine director compensation and deferral elections rather than a direct bullish or bearish market signal.