MGM Resorts International: President, Interactive Fritz Gary M exercised 25,000 shares

What happened Fritz Gary M, President, Interactive, converted restricted stock units into 25,000 shares on Oct 1, 2026 (exercise/conversion, code M). The filing also shows 9,983 shares were surrendered to satisfy tax withholding at $30.47 per share for $304,182 (payment of exercise price or tax liability, code F). The filing includes an additional derivative entry of 25,000 shares at $0.00 reported as disposed (code M).

Key details

• Transaction date and prices: Oct 1, 2026 — exercise/conversion 25,000 shares @ $0.00 (acquired); Oct 1, 2026 — tax withholding 9,983 shares @ $30.47 (disposed) = $304,182; Oct 1, 2026 — exercise/conversion 25,000 shares @ $0.00 (disposed, derivative).
• Shares owned after the transaction: not reported in the provided filing.
• Footnotes: F1 — the shares arose from restricted stock units (RSUs) granted under the MGM Resorts International 2022 Omnibus Incentive Plan; each RSU vests into one share, and RSUs vest on the first anniversary of the grant date. The F-code disposal was to satisfy tax liability.
• Filing timeliness: not indicated in the provided excerpt.

Why it may matter

• The filing reports conversion of RSUs and a share withholding to cover taxes rather than an outright market sale of all shares; 9,983 shares were withheld for $304,182.
• For derivative transactions, the filing shows exercised/converted RSUs (code M) and a tax withholding (code F).
• A filing does not show why the insider traded or why the company acted.