MGM Resorts: Chief legal admin McManus exercised 28,695 shares

What happened

• John McManus, chief legal admin and secretary, exercised derivative awards that resulted in 28,695 shares being issued at $0.00 per share.
• To cover tax withholding, 11,293 shares were surrendered at $30.48 per share for a total of $344,211.

Key details

• Transaction dates and prices: Oct 2, 2026 and Oct 3, 2026; exercised shares recorded at $0.00 (code M); shares withheld for tax at $30.48 each (code F).
  • Oct 2: exercised 6,116 and 15,228 shares (two separate entries); 2,407 and 5,993 shares withheld for tax.
  • Oct 3: exercised 7,351 shares; 2,893 shares withheld for tax.
• Total acquired via exercise: 28,695 shares. Total withheld/disposed for tax: 11,293 shares for $344,211.
• Shares owned after the transactions: not specified in the filing.
• Relevant footnotes:
  • F1: vesting of 19,842 performance share units (granted Oct 2, 2023); each PSU converted to 0.767495 shares based on the Plan formula.
  • F2–F4: descriptions of RSU and PSU grant terms under the 2022 omnibus incentive plan.
• Filing: Form 4 filed Oct 6, 2026 covering transactions on Oct 2 and Oct 3, 2026.
• Transaction codes in the filing: M = option/derivative exercise; F = payment of exercise price or tax liability (share withholding).

Why it may matter

• The filing shows exercised derivative awards with shares withheld to satisfy tax obligations (a cashless-type settlement via share withholding).
• The filing does not show why the insider traded or why the company acted.