Meister Keith A. 4

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.