4//SEC Filing
RAFIQ ATIF 4
Accession 0001127602-20-020010
CIK 0000789570other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 8:16 PM ET
Size
11.9 KB
Accession
0001127602-20-020010
Insider Transaction Report
Form 4
RAFIQ ATIF
President, Commercial & Growth
Transactions
- Award
Restricted Stock Units
2020-06-15+1.38→ 10,737.224 totalFrom: 2021-02-27Exp: 2024-02-27→ Common Stock $.01 Par Value ND (1.38 underlying) - Award
Restricted Stock Units
2020-06-15+3.604→ 28,039.557 totalFrom: 2020-10-07Exp: 2023-10-07→ Common Stock $.01 Par Value ND (3.604 underlying) - Award
Restricted Stock Units
2020-06-15+5.549→ 43,174.549 total→ Common Stock $.01 Par Value ND (5.549 underlying)
Holdings
- 18,573
Common Stock $.01 Par Value ND
Footnotes (5)
- [F1]Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of the Company, 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 the Company'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 Company 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.
- [F5]RSUs granted under the Plan. On April 3, 2020, the Reporting Person voluntarily reduced the cash amount of his base salary for the remainder of 2020 by 50% in exchange for a grant of an equivalent value of RSUs. Such RSUs will vest and be paid in full on December 31, 2020. Should the Reporting Person leave his employment for any reason prior to December 27, 2020, the last day of his final pay period in 2020, the RSUs shall vest and become payable on a pro-rata basis.
Documents
Issuer
MGM Resorts International
CIK 0000789570
Entity typeother
Related Parties
1- filerCIK 0001777168
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 8:16 PM ET
- Size
- 11.9 KB