MGM Resorts International: Chief legal admin and secy John McManus exercised 11,055 shares

What happened

• John McManus, chief legal admin and secy, had a grant of 41,432 restricted stock units on Oct 5, 2026 (acquired as derivative RSUs).
• On Oct 6, 2026 the filing reports an exercise or conversion of derivative rights for 11,055 shares (reported both as acquired and as disposed at $0.00).
• Also on Oct 6, 2026 the filing reports the disposition of 4,351 shares to pay tax withholding at $30.54 per share, totaling $132,880.

Key details

• Transaction dates and prices:
  • Oct 5, 2026: Grant/award of 41,432 RSUs at $0.00 (derivative, RSU grant).
  • Oct 6, 2026: Exercise or conversion of derivative for 11,055 shares at $0.00.
  • Oct 6, 2026: Payment of tax liability by disposition of 4,351 shares at $30.54 for $132,880.
• Shares owned following the transaction: not reported in the filing.
• Footnotes: RSUs were granted under the MGM Resorts International 2022 Omnibus Incentive Plan; each RSU represents the right to receive one share following vesting, and the RSUs vest in three equal annual installments commencing on the first anniversary of the grant date (footnotes F1 and F2).
• Filing date: Oct 7, 2026; period of report: Oct 5, 2026.

Why it may matter

• The filing shows an exercise/conversion of derivative shares and a share disposition for tax withholding; the filing reports both the conversion and the withholding transactions.
• The Oct 5 entry is a grant of RSUs, which vest over three years per the footnotes and are not a market purchase or sale at grant.
• A filing does not show why the insider traded or why the company acted.