TAYLOR DANIEL J 4
4 · MGM Resorts International · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
MGM Director Daniel J. Taylor Converts Vested RSUs, Receives New RSU Grant
What Happened
Daniel J. Taylor, a non‑employee director of MGM Resorts International, had 6,675 derivative units exercised/converted on May 6, 2026 (no cash paid) and was awarded 6,298 restricted stock units on May 7, 2026. The transactions reflect vested/converted equity awards and a subsequent RSU grant under the company’s director compensation plans, not an open‑market buy or sale.
Key Details
- Transaction dates and types: May 6, 2026 — exercise/conversion of derivative (6,675 units) at $0.00; May 7, 2026 — grant/award of RSUs (6,298 units) at $0.00. Filing date: May 8, 2026.
- $ amount exchanged: $0 — these were equity unit conversions/grants, not cash transactions.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes of note:
- F1: DSUs are Deferred Stock Units for non‑employee directors; each DSU equals one share and is payable on termination of service.
- F2/F3: The May 6 items relate to RSUs that vested on May 6, 2026.
- F4: The May 7 RSU grant will vest on the earlier of May 7, 2027 or the company’s next annual meeting, per the award agreement.
- Timeliness: Filing was submitted two days after the period of report date (filed May 8 for transactions on May 6–7), and is not marked late.
Context
These entries reflect director compensation and deferred/awarded equity (DSUs/RSUs), which are routine non‑market transactions used to compensate and defer pay for directors. Because the units were granted/converted at $0 in the filing and many RSUs/DSUs are payable or settle later, these transactions do not represent an immediate cash purchase or sale of common stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock $.01 Par Value ND
2026-05-06+6,675→ 6,675 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-05-06−6,675→ 0 total→ Common Stock $.01 Par Value ND (6,675 underlying) - Award
Restricted Stock Units
[F2][F4]2026-05-07+6,298→ 6,298 total→ Common Stock $.01 Par Value ND (6,298 underlying)
- 79,484.841(indirect: By Trust)
Deferred Stock Units
[F1]→ Common Stock $.01 Par Value ND (79,484.841 underlying)
Footnotes (4)
- [F1]Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of Company common stock. The DSUs become payable upon the Reporting Person's termination of service as a Director.
- [F2]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.
- [F3]The RSUs vested on May 6, 2026, pursuant to the terms of the Plan and applicable award agreement.
- [F4]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.