GALANTE FRANCESCA 4
4 · Melco Resorts & Entertainment LTD · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Melco (MLCO) Director Francesca Galante Receives 97,767-Share Award
What Happened Francesca Galante, a director of Melco Resorts & Entertainment Ltd. (MLCO), received an award of 97,767 restricted shares on May 8, 2026. The shares were granted at a reported price of $0.00 (transaction code A — award/grant), so the filing reports an acquisition value of $0. The grant is in the form of restricted shares under Melco’s 2021 Share Incentive Plan rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-08; Filing date (Form 4): 2026-05-12 (timely filed).
- Transaction type/code: Award/Grant (A); reported price $0.00; reported acquisition amount $0.
- Shares awarded: 97,767 restricted shares.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: The award consists of restricted shares that vest one‑third at 12 months, one‑third at 24 months, and one‑third at 36 months from the grant date, subject to continued service and other conditions under the 2021 Share Incentive Plan.
- No indication of a 10b5‑1 plan, tax withholding sale, or cashless exercise in this filing.
Context Restricted share awards are common for directors and align incentives over time; because these shares vest over three years, they are not immediately liquid and do not reflect an immediate buy or sell decision. This grant is a compensation/retention event rather than a directional market trade.
Insider Transaction Report
- Award
Ordinary shares
[F1]2026-05-08+97,767→ 505,659 total
Footnotes (1)
- [F1]Consists of restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan, which are delivered on vesting of the shares. Of such shares, one-third vest 12 months from the grant date, one-third vest 24 months from the grant date, and one-third vest 36 months from the grant date, conditioned on, inter alia, continued service through the applicable vesting date.