MGM Resorts International: president, interactive Fritz Gary M exercised 22,111 shares

What happened

• Fritz Gary M, president, interactive, exercised or converted derivatives for 22,111 shares on Oct 6, 2026 (reported as acquired at $0). The filing also shows 22,111 derivative shares disposed on Oct 6, 2026 at $0 (derivative).
• The filing reports 8,829 shares disposed on Oct 6, 2026 for tax withholding at $30.54 per share for a total of $269,638.
• The filing shows a grant of 74,578 restricted stock units (RSUs) on Oct 5, 2026 (each RSU represents the right to receive one share upon vesting; grant value reported as $0 in the Form 4 entries).

Key details

• Transaction dates and prices: Oct 5, 2026 — grant of 74,578 RSUs (A) at $0; Oct 6, 2026 — exercise/conversion (M) of 22,111 shares at $0 (acquired and also reported as disposed at $0, derivative); Oct 6, 2026 — tax withholding (F) of 8,829 shares at $30.54 for $269,638.
• Shares owned after the transaction: the filing does not state shares owned following the reported transactions.
• Relevant footnotes: F1 and F2 state the RSUs were granted under the 2022 Omnibus Incentive Plan and vest in 3 equal annual installments commencing on the first anniversary of the grant date.
• Filing timeliness: the Form 4 was filed on Oct 7, 2026; the filing does not indicate it was late.

Why it may matter

• The filing shows an exercise/conversion of derivative awards (22,111 shares) with 8,829 shares surrendered to satisfy tax withholding (a cashless settlement of part of the exercise).
• The Oct 5 grant of 74,578 RSUs is an award and not a market trade; vested RSUs convert into shares when they vest under the stated vesting schedule.
• A filing does not show why the insider traded or why the company acted.