WINTER GRAHAM PAUL 4

What Happened

• Graham Paul Winter, Chief Legal Officer of Melco Resorts & Entertainment Ltd. (MLCO), was granted 336,888 restricted shares on 2026-05-08. The Form 4 reports an acquisition at $0.00 per share (award/grant), so no cash was paid at grant.

Key Details

• Transaction date and price: 2026-05-08; grant price reported as $0.00 (award).
• Shares granted: 336,888 restricted ordinary shares.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: The shares are restricted awards under Melco’s 2021 Share Incentive Plan. Vesting is conditioned on continued service: one‑third vests 12 months after grant, one‑third at 24 months, and one‑third at 36 months (see F1).
• Filing date/timeliness: Form filed 2026-05-12 for a 2026-05-08 transaction — this appears to be after the typical 2‑business‑day Form 4 filing window.

Context

• This was a compensation award (restricted shares), not a market purchase or sale. Award grants are common executive compensation and do not by themselves signal a buy or sell decision by the insider.
• The grant vests over three years subject to continued service; restricted shares typically cannot be sold until vested and any tax withholding or subsequent dispositions would be reported in later filings.