Meister Keith A. 4
4 · MGM Resorts International · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
MGM (MGM) Director Keith A. Meister Sells 37,500 Shares
What Happened Keith A. Meister, a director of MGM Resorts International (MGM), sold 37,500 shares in an open-market transaction on March 9, 2026. The shares were disposed at a weighted-average price of $34.27 per share (range $34.25–$34.35), for total proceeds of approximately $1,285,125. This was a sale (not a purchase or option exercise) and therefore generally reflects a disposition of stock rather than an added stake.
Key Details
- Transaction date: 2026-03-09 (filed the same day).
- Shares sold: 37,500; weighted-average price: $34.27; price range reported: $34.25–$34.35.
- Total value: ~$1,285,125.
- Shares owned after the transaction: Not specified in the provided filing.
- Footnotes of note:
- F1: Price is a weighted average; multiple trades occurred within the $34.25–$34.35 range; reporting person will provide per-trade breakdown on request.
- F2: The securities are held for certain private investment funds advised by Corvex Management LP (including Corvex Master Fund LP, Corvex Select Equity Master Fund LP and Corvex-E LP).
- F3: Meister disclaims beneficial ownership for Section 16 purposes except to the extent of his pecuniary interest.
- Filing timeliness: Reported on the same date as the transaction (no late filing indicated).
Context This filing documents an open-market sale by a board director. Sales by insiders can be routine (portfolio rebalancing, tax needs, or fund-level decisions) and don’t by themselves signal the director’s view of the company’s prospects. Note that the shares were held through funds advised by Corvex, for which Meister is the controlling person; he disclaims direct beneficial ownership except for pecuniary interest under Section 16.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3]2026-03-09$34.27/sh−37,500$1,285,125→ 5,347,978 total(indirect: See Footnotes)
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.25 to $34.35, inclusive. The Reporting Person undertakes to provide to MGM Resorts International (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]These securities are held for the accounts of certain private investment funds for which Corvex Management LP ("Corvex") acts as investment adviser, including Corvex Master Fund LP, Corvex Select Equity Master Fund LP and Corvex-E LP. The general partner of Corvex is controlled by the Reporting Person.
- [F3]For purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.