LEVIN JOSEPH 4
4 · MGM Resorts International · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
MGM Director Joseph Levin Exercises Derivatives, Receives RSUs
What Happened
Joseph Levin, a director of MGM Resorts International (MGM), had 6,675 restricted stock units (RSUs) vest and convert on May 6, 2026 (reported as derivative exercise/conversion at $0.00) and was granted 6,298 new RSUs on May 7, 2026. The vested RSUs converted to shares with no cash paid (exercise price $0.00); the new 6,298 RSUs are subject to future vesting and represent a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction dates and types:
- 2026-05-06: Exercise/conversion of derivative (Code M) — 6,675 RSUs converted to shares; reported at $0.00.
- 2026-05-06: Corresponding derivative disposition entry for 6,675 (reported $0.00) consistent with vest/settlement mechanics.
- 2026-05-07: Grant/award (Code A) — 6,298 RSUs granted at $0.00 (new derivative award).
- Prices/values: All entries reported at $0.00 (RSUs convert/are awarded without an exercise cash payment). No open‑market sale or purchase of common stock is shown.
- Shares owned after transaction: Not disclosed in the provided Form 4 excerpt.
- Filing: Form 4 filed May 8, 2026 for transactions dated May 6–7, 2026 (filing appears to be within the usual 2‑business‑day reporting window).
- Footnotes: F1–F3 explain these are RSUs under MGM’s 2022 Omnibus Incentive Plan; the 6,675 RSUs vested on May 6, 2026 (F2). The 6,298 RSUs vest on the earlier of May 7, 2027 or the company’s next annual meeting (F3).
Context
RSUs are compensation awards that convert to shares upon vesting. A vested RSU converting to a share is not the same as a stock purchase—this filing shows a vest/settlement event and a new time‑based RSU grant. Such director compensation transactions are routine and do not, by themselves, indicate the director buying or selling stock in the open market.
Insider Transaction Report
- Exercise/Conversion
Common Stock $.01 Par Value ND
2026-05-06+6,675→ 6,675 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-05-06−6,675→ 0 total→ Common Stock $.01 Par Value ND (6,675 underlying) - Award
Restricted Stock Units
[F1][F3]2026-05-07+6,298→ 6,298 total→ Common Stock $.01 Par Value ND (6,298 underlying)
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Company common stock.
- [F2]The RSUs vested on May 6, 2026, pursuant to the terms of the Plan and applicable award agreement.
- [F3]The RSUs will vest upon the earlier of (i) May 7, 2027 or (ii) the date of the Company's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.