MGM Resorts International: President, Interactive Fritz Gary M exercised 47,825 shares

What happened

• Fritz Gary M, President, Interactive, exercised or converted derivative awards into 47,825 shares (10,193; 25,381; 12,251) on Oct 2 and Oct 3, 2026. Exercise/conversion price reported was $0.00 for those transactions.
• To satisfy tax withholding, 19,098 shares were withheld and disposed at $30.48 per share on Oct 2–3, 2026, for a total of $124,084, $308,915 and $149,108 respectively (combined $582,107).

Key details

• Transaction dates and prices:
  • Oct 2, 2026: exercised/converted 10,193 shares at $0.00; 4,071 shares withheld at $30.48 for $124,084.
  • Oct 2, 2026: exercised/converted 25,381 shares at $0.00; 10,135 shares withheld at $30.48 for $308,915.
  • Oct 3, 2026: exercised/converted 12,251 shares at $0.00; 4,892 shares withheld at $30.48 for $149,108.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes:
  • F1: 33,070 performance share units (PSUs) granted Oct 2, 2023 vested and converted; each PSU could deliver 0–1.6 shares and converted at 0.767495 shares per PSU, producing the 25,381-share issuance.
  • F2–F4: describe the nature and vesting schedules of RSUs and PSUs under the 2022 Omnibus Incentive Plan.
• Transaction codes: M = option/derivative exercise or conversion; F = payment of exercise price or tax liability (shares withheld).
• Filing date: filed Oct 6, 2026 (transactions reported Oct 2–3, 2026).

Why it may matter

• The filing shows a derivative exercise with shares withheld to satisfy tax withholding (a cashless/sell-to-cover withholding), not a market sale initiated for other reasons.
• This filing does not show why the insider traded or why the company acted.