DAVIS GEOFFREY STUART 4
4 · Melco Resorts & Entertainment LTD · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Melco (MLCO) CFO Geoffrey Davis Receives 1.04M-Share Award
What Happened
Geoffrey Stuart Davis, Chief Financial Officer of Melco Resorts & Entertainment (MLCO), was granted 1,040,499 restricted shares on 2026-05-08. The Form 4 shows the shares were acquired at $0.00 (no cash payment reported). The filing does not state a cash value or fair‑value amount on the Form 4; these awards are typically recorded at grant-date fair value in company financials.
Key Details
- Transaction date: 2026-05-08; Form 4 filed 2026-05-12 (filed within the standard two business-day window).
- Transaction type/code: A — Award/Grant of restricted shares. Price reported: $0.00.
- Shares granted: 1,040,499 restricted shares.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Grant consists of restricted shares under Melco’s 2021 Share Incentive Plan. One‑third vest 12 months from grant, one‑third at 24 months, and one‑third at 36 months, conditioned on continued service.
- No indication of tax‑withholding sale, 10b5‑1 plan, or immediate sale of shares in this filing.
Context
Restricted share awards are a common form of executive compensation and are typically intended for retention; they do not represent an immediate purchase or sale of stock. Because the shares vest over time and require continued service, they don’t convey an immediate market belief by the insider. Retail investors should note the award increases potential future insider ownership if vesting conditions are met.
Insider Transaction Report
- Award
Ordinary shares
[F1]2026-05-08+1,040,499→ 4,326,690 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.