MGM Resorts: CEO William Hornbuckle exercised 32,441 shares

What happened

• William Hornbuckle, CEO and president and director, exercised or converted 32,441 restricted stock units into common shares on Oct 7, 2026 at $0.00 per share.
• On the same date, 12,766 shares were withheld (disposed) at $30.00 per share to satisfy tax liability for $382,980.

Key details

• Transaction date: Oct 7, 2026. Prices: $0.00 per share for the conversion, $30.00 per share for the withheld shares.
• Shares acquired by exercise/conversion: 32,441 shares (listed as acquired at $0.00).
• Shares disposed to cover taxes: 12,766 shares for $382,980.
• Shares owned after the transaction: not stated in the filing provided.
• Footnote F1: The shares came from restricted stock units (RSUs) granted under the 2022 Omnibus Incentive Plan. Each RSU represents the right to receive one share following vesting. The RSUs vest in three equal annual installments commencing on the first anniversary of the grant date.
• No late filing indicated in the information provided.

Why it may matter

• The filing shows a conversion of RSUs into shares and a sell-to-cover tax withholding (12,766 shares withheld at $30.00).
• This was a tax withholding transaction, not an open-market purchase or voluntary sale of additional shares.
• The filing does not show why the insider traded or why the company acted.