HO LAWRENCE YAU LUNG 4
4 · Melco Resorts & Entertainment LTD · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Melco Resorts (MLCO) CEO Lawrence Ho Receives Restricted Share Award
What Happened
Lawrence Yau Lung Ho, CEO of Melco Resorts & Entertainment Ltd. (MLCO), received a grant of 4,692,735 restricted ordinary shares on May 8, 2026. The grant was reported at a $0.00 acquisition price (no cash paid at grant), so the immediate reported transaction value is $0. The award was made under the company’s 2021 Share Incentive Plan.
Key Details
- Transaction date and price: 2026-05-08; 4,692,735 shares acquired at $0.00 per share (reported value $0).
- Vesting: Per the filing, the restricted shares vest in three equal installments — one‑third at 12 months, one‑third at 24 months, and one‑third at 36 months from grant — and are conditioned on continued service (see footnote F1).
- Shares owned after transaction: The Form 4 does not state a total MLCO share count held by Mr. Ho after this grant.
- Notable footnotes: F1 describes the vesting schedule and conditions; F2–F3 disclose related record holdings through affiliated entities/trusts (larger holdings are of Melco International entities and trusts tied to Mr. Ho).
- Filing timeliness: Report filed on 2026-05-12 for a 2026-05-08 grant — filed within the normal Form 4 reporting window.
Context
This was a compensation award of restricted shares (not an open‑market purchase or sale). Restricted-share grants are common executive compensation and vest over time, so they reflect future ownership only if the vesting conditions are met; they do not necessarily indicate immediate buying or selling intent. The filing also notes related-party and trust holdings tied to Mr. Ho in footnotes, which disclose broader beneficial interests in affiliated entities.
Insider Transaction Report
- Award
Ordinary shares
[F1]2026-05-08+4,692,735→ 25,302,747 total
- 687,360,906(indirect: By Corporation)
Ordinary shares
[F2] - 9,934,422(indirect: By Corporation)
Ordinary shares
[F3]
Footnotes (3)
- [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.
- [F2]Ordinary shares owned of record by Melco Leisure and Entertainment Group Limited, which is a wholly-owned subsidiary of Melco International Development Limited ("Melco International"). Mr. Ho personally holds 36,606,126 ordinary shares of Melco International. Mr. Ho is deemed to be interested in an aggregate of 1,359,666,283 ordinary shares of Melco International under the Securities and Futures Ordinance of the Laws of Hong Kong, including (i) an aggregate of 884,536,660 ordinary shares of Melco International held by companies owned or controlled by persons and/or trusts associated with Mr. Ho, (ii) an aggregate of 470,917,521 ordinary shares of Melco International held by companies which are controlled by discretionary family trusts in which Mr. Ho is one of the beneficiaries, and (iii) 4,212,102 ordinary shares of Melco International held by his spouse.
- [F3]Ordinary shares owned of record by Black Spade Capital Limited, which in turn are held by companies owned by a trust associated with Mr. Ho.