MGM Resorts International: chief legal admin ofc and secy John McManus exercised 7,299 shares

What happened

• John McManus, chief legal admin ofc and secy, exercised or converted 7,299 RSUs into 7,299 shares on Oct 7, 2026.
• The filing shows 2,873 shares were surrendered/withheld to satisfy tax withholding at $30.00 per share, totaling $86,190.
• The filing also reports a derivative disposition entry for 7,299 shares with $0.00 value related to the exercise/conversion.

Key details

• Transaction date and prices: Oct 7, 2026; exercise/conversion reported at $0.00; tax withholding 2,873 shares at $30.00 per share for $86,190.
• Shares owned after the transaction: not reported in the provided filing.
• Codes and footnote: reported transaction codes include M (exercise/conversion) and F (tax withholding). Footnote F1 states the awards were restricted stock units (RSUs) under the company 2022 Omnibus Incentive Plan; each RSU converts to one share upon vesting and the RSUs vest in three equal annual installments commencing on the first anniversary of the grant date.
• Filing date and timeliness: the Form 4 was filed Oct 8, 2026; no late filing is indicated in the provided filing.

Why it may matter

• The filing shows RSUs were converted to shares and a portion of the shares (2,873) were withheld to cover tax liabilities, which indicates a tax-withholding settlement of part of the award rather than an open-market sale of all exercised shares.
• For derivative transactions, the filing reports an exercise/conversion of RSUs.
• The filing does not show why the insider traded or why the company acted.