MGM (MGM) President Gary Fritz Exercises RSUs; 1,882 Shares Withheld

What Happened

• Gary M. Fritz, President, Interactive at MGM Resorts International, had 4,711 restricted stock units (RSUs) convert to common shares on 2026-09-11. The RSUs converted at $0.00 (no cash paid) and resulted in the acquisition of 4,711 shares.
• To cover tax withholding, 1,882 of those shares were surrendered at a reported price of $39.89 per share for a total withholding value of $75,073 (transaction code F). Net shares delivered to Fritz were 2,829 (4,711 – 1,882), which would be roughly $112,849 based on the $39.89 price.
• A corresponding derivative entry shows the RSU/derivative was settled/cancelled on conversion (transaction code M), which is routine when RSUs vest.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-14.
• Prices reported: conversion/acquisition price $0.00 (RSU settlement); tax withholding price $39.89 per share (1,882 shares, $75,073).
• Net shares received: 2,829 shares (4,711 converted minus 1,882 withheld). Total gross value of converted shares ≈ $187,922 based on $39.89.
• Footnote: RSUs granted under MGM’s 2022 Omnibus Incentive Plan; each RSU converts to one common share and vests in three equal annual installments (footnote F1).
• Filing timeliness: Form reported transactions dated 9/11 and was filed on 9/14 — appears filed within the normal SEC reporting window for Form 4.

Context

• This was a vesting/settlement of RSUs (an award converting to shares), not a market purchase or investment decision. The withholding of shares to cover taxes is common and does not necessarily indicate a broader buy/sell signal.
• The reported $0.00 acquisition price reflects settlement of RSUs into shares rather than an option purchase. The separate withholding (F) is effectively a disposition of shares to satisfy tax obligations.