MGM Resorts International: CFO Jonathan S Halkyard exercised 35,071 shares

What happened

• Jonathan S Halkyard, chief financial officer, reported exercises/conversions of derivative awards for 35,071 shares at $0.00 on Oct 2-3, 2026.
• The filing separately shows dispositions to satisfy tax withholding of 13,802 shares at $30.48 for total proceeds withheld of $420,685.
• The filing also lists corresponding derivative dispositions of 35,071 shares at $0.00 (derivative).

Key details

• Transaction dates and prices:
  • Oct 2, 2026: exercised/conversion (M) 7,475 shares at $0.00; exercised/conversion (M) 18,612 shares at $0.00. Tax withholding (F) on Oct 2, 2026: 2,942 shares and 7,324 shares both at $30.48 (proceeds $89,672 and $223,236).
  • Oct 3, 2026: exercised/conversion (M) 8,984 shares at $0.00. Tax withholding (F) on Oct 3, 2026: 3,536 shares at $30.48 (proceeds $107,777).
  • Total exercised/conversion shares: 35,071. Total shares withheld for taxes: 13,802 at $30.48 for $420,685. Total derivative disposals listed at $0.00: 35,071.
• Shares owned after the transaction: not stated in the provided filing data.
• Relevant footnotes from the filing:
  • F1/F3: Vesting of 24,251 performance share units (PSUs) granted Oct 2, 2023, converted at 0.767495 shares per PSU, producing 18,612 shares.
  • F2/F4: Restricted stock units (RSUs) granted under the 2022 omnibus plan; RSUs vest in four equal annual installments beginning on the first anniversary of the grant date.
• Filing timeliness: the filing does not indicate a late filing.

Why it may matter

• The filing shows exercises/conversions of derivative awards and that shares were withheld to satisfy tax withholding (a cashless-type settlement).
• This is not presented as an open-market sale for cash aside from the tax-withholding disposals.
• The filing does not show why the insider traded or why the company acted.