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MGM Resorts International·4

May 8, 7:20 PM ET

SALEM PAUL J 4

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Updated

MGM (MGM) Director Paul J. Salem Exercises Derivatives, Receives DSU Award

What Happened

  • Paul J. Salem, a non‑employee director of MGM Resorts International (MGM), had restricted stock units (RSUs) vest and convert into 6,675 shares on May 6, 2026 (exercise/conversion of derivative, code M). The same 6,675 shares are reported as disposed on May 6, 2026. On May 7, 2026 he was credited with 6,298 shares as a grant/award (code A) representing Deferred Stock Units (DSUs) under the company’s director deferred compensation plan. All reported per‑share prices are $0.00 (derivative awards/units), so total transaction dollar amounts are reported as $0.

Key Details

  • Transaction dates and codes:
    • 2026-05-06: M — 6,675 shares exercised/converted (acquired) at $0.00 and 6,675 shares disposed at $0.00.
    • 2026-05-07: A — 6,298 shares granted/acquired (DSUs) at $0.00.
  • Shares owned after the transactions: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • F1: On May 5, 2026 the reporting person transferred 1,702,500 shares to a grantor retained annuity trust (GRAT) — an estate‑planning transfer.
    • F2–F3: The RSUs were granted under the 2022 Omnibus Incentive Plan and vested on May 6, 2026.
    • F4: The 6,298 units are Deferred Stock Units (DSUs) that become payable only upon the director’s termination of service.
    • F5: Remaining RSUs (if any) have a future vesting schedule (earlier of May 7, 2027 or the next annual meeting).
  • Filing timeliness: Reported period 2026-05-06 and filed 2026-05-08 — appears to be filed on time under Form 4 reporting rules.

Context

  • The May 6 transactions reflect conversion of vested RSUs into shares and a same‑day disposition of those shares; this is a derivative vest/convert plus disposal rather than an open‑market purchase. The May 7 entry is a director deferred compensation grant (DSUs), which is not an immediate market purchase or sale — DSUs are paid out later and are commonly used for director compensation.
  • The large May 5 transfer to a GRAT is an estate‑planning move and does not necessarily signal buy/sell intentions regarding the company’s stock.