RAFIQ ATIF 4
4 · MGM Resorts International · Filed Mar 18, 2020
Insider Transaction Report
Form 4
RAFIQ ATIF
President, Commercial & Growth
Transactions
- Award
Restricted Stock Units
2020-03-16+404.365→ 28,035.953 totalFrom: 2020-10-07Exp: 2023-10-07→ Common Stock $.01 Par Value ND (404.365 underlying) - Award
Restricted Stock Units
2020-03-16+154.844→ 10,735.844 totalFrom: 2021-02-27Exp: 2024-02-27→ Common Stock $.01 Par Value ND (154.844 underlying)
Holdings
- 8,761
Common Stock $.01 Par Value ND
Footnotes (4)
- [F1]Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of MGM Resorts International common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts International, during the six-month period ending on June 30, 2020 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.
- [F2]Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
- [F3]RSUs granted under the Plan. Each RSU represents the right to receive one share of MGM Resorts International common stock. Any fractional shares are paid in cash upon settlement.
- [F4]The RSUs are fully vested. Delivery of shares will be made in four equal annual installments commencing on the first anniversary of the grant date.