4//SEC Filing
GROUNDS WILLIAM WARWICK 4
Accession 0001127602-20-025379
CIK 0000789570other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 7:00 PM ET
Size
9.1 KB
Accession
0001127602-20-025379
Insider Transaction Report
Form 4
GROUNDS WILLIAM WARWICK
Director
Transactions
- Award
Restricted Stock Units
2020-09-15+1.058→ 10,049.35 total→ Common Stock $.01 Par Value ND (1.058 underlying) - Award
Restricted Stock Units
2020-09-15+0.552→ 5,245.226 total→ Common Stock $.01 Par Value ND (0.552 underlying)
Holdings
- 10,551
Common Stock $.01 Par Value ND
Footnotes (4)
- [F1]Restricted Stock Units ("RSUs") granted under the MGM Resorts International (the "Company") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). On March 31, 2020, Mr. Grounds voluntarily reduced 75% of his cash compensation for the remainder of 2020 in exchange for a grant of an equivalent value of RSUs. Such RSUs will vest in full on December 31, 2020. Should Mr. Grounds cease serving on the Company's board of directors prior to December 31, 2020 for any reason, the RSUs shall vest on a pro-rata basis.
- [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, following vesting, one share of Company common stock. Any fractional shares are paid in cash upon settlement.
- [F4]The RSUs will vest upon the earlier of (i) May 7, 2021 or (ii) the date of the Company's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.
Documents
Issuer
MGM Resorts International
CIK 0000789570
Entity typeother
Related Parties
1- filerCIK 0001574607
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 7:00 PM ET
- Size
- 9.1 KB