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MGM Resorts International·4

May 8, 6:48 PM ET

Mckinney-James Rose 4

Research Summary

AI-generated summary

Updated

MGM Director Rose Mckinney-James Converts RSUs, Receives 6,298 RSUs

What Happened

  • Rose Mckinney-James, a director of MGM Resorts International (MGM), had previously awarded restricted/deferred stock units convert/settle on May 6, 2026 (derivative code M) and received a new grant of 6,298 RSUs on May 7, 2026 (grant code A). The May 6 entries show conversions/exercises of 3,338 and 3,337 units (both acquired and disposed in equal amounts), and the May 7 grant reports acquisition of 6,298 RSUs. All transactions are award-based and reported with a $0 per-share price (no cash purchase or sale).

Key Details

  • Transaction dates and codes: 2026-05-06 (M — exercise/conversion of derivative); 2026-05-07 (A — grant/award).
  • Quantity: net activity on 5/6 shows 6,675 units processed (3,338 + 3,337 acquired and the same amounts disposed); 5/7 grant of 6,298 RSUs.
  • Price/value: $0.00 per share for all listed transactions (these are equity awards/settlements, not open-market trades).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1/F2: RSUs granted under the 2022 Omnibus Incentive Plan; certain RSUs vested on May 6, 2026.
    • F3: DSUs are deferred stock units payable upon termination of director service.
    • F4: The 6,298 RSUs will vest on the earlier of May 7, 2027 or the next annual meeting, per the award agreement.
  • Filing timeliness: Form 4 filed 2026-05-08 for transactions on 2026-05-06/07 — appears timely (no late filing indicated).

Context

  • The M code indicates conversion/exercise of derivative awards (RSUs/DSUs), not an open-market buy or sale. The equal acquired and disposed derivative entries on 5/6 reflect award settlement/processing rather than a cash sale; the filing shows no cash proceeds.
  • The May 7 entry is a new RSU grant that vests in the future per the award terms — this is typical compensation for directors and does not, by itself, imply a market view.
  • For retail investors: award conversions and new grants are common non-cash director compensation events; purchases (cash buys) are generally more informative about insider sentiment.