4//SEC Filing
SANDERS COREY IAN 4
Accession 0001127602-24-025348
CIK 0000789570other
Filed
Oct 7, 8:00 PM ET
Accepted
Oct 8, 8:12 PM ET
Size
21.2 KB
Accession
0001127602-24-025348
Insider Transaction Report
Form 4
SANDERS COREY IAN
CHIEF OPERATING OFFICER
Transactions
- Tax Payment
Common Stock $.01 Par Value ND
2024-10-04$40.43/sh−3,480$140,696→ 285,130 total - Award
Restricted Stock Units
2024-10-07+36,497→ 36,497 totalFrom: 2025-10-07Exp: 2027-10-07→ Common Stock $.01 Par Value ND (36,497 underlying) - Award
Common Stock $.01 Par Value ND
2024-10-04+11,856→ 284,433 total - Exercise/Conversion
Common Stock $.01 Par Value ND
2024-10-04+8,843→ 288,610 total - Award
Common Stock $.01 Par Value ND
2024-10-04+18,174→ 279,729 total - Tax Payment
Common Stock $.01 Par Value ND
2024-10-04$40.43/sh−4,666$188,646→ 279,767 total - Tax Payment
Common Stock $.01 Par Value ND
2024-10-04$40.43/sh−7,152$289,155→ 272,577 total - Exercise/Conversion
Restricted Stock Units
2024-10-04−8,843→ 8,843 totalFrom: 2022-10-04Exp: 2025-10-04→ Common Stock $.01 Par Value ND (8,843 underlying) - Award
Performance Share Units
2024-10-07+25,985→ 25,985 totalFrom: 2027-10-07Exp: 2027-10-07→ Common Stock $.01 Par Value ND (25,985 underlying)
Holdings
- 36,465(indirect: By Trust)
Common Stock $.01 Par Value ND
Footnotes (5)
- [F1]Represents the vesting of 25,226.76676 performance share units (PSUs) granted on 10/4/2021, under the MGM Resorts International (Company) Amended and Restated 2005 Omnibus Incentive Plan (Plan). Each PSU represented the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that was three years after the grant date (Vesting Date), relative to a target price of $52.20 (Target Price). The Target Price is equal to 125% of the average closing price of Company common stock over the 60-calendar day period ending on the grant date. The number of shares issued per PSU, 0.72046 shares, was calculated by dividing the ending average stock price by the Target Price. For this purpose, the ending average stock price is the average closing price of Company common stock over the 60-day period ending on the Vesting Date, as adjusted to include dividends paid during the term of the PSU.
- [F2]Represents the vesting of 23,143.04262 PSUs granted on October 4, 2021, under the Plan. The number of shares awarded at the end of the performance period was based upon the Company's three-year total shareholder return (TSR) compared to the TSRs of the constituents of the S&P 500 Index.
- [F3]Restricted Stock Units ("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]Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts International common stock. The RSUs will vest in three equal annual installments commencing on the first anniversary of the grant date.
- [F5]Performance Share Units (PSUs) granted under the Plan. Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts International common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date, relative to a target price of $47.21.
Documents
Issuer
MGM Resorts International
CIK 0000789570
Entity typeother
Related Parties
1- filerCIK 0001494424
Filing Metadata
- Form type
- 4
- Filed
- Oct 7, 8:00 PM ET
- Accepted
- Oct 8, 8:12 PM ET
- Size
- 21.2 KB