Chung Clarence YM 4
4 · Melco Resorts & Entertainment LTD · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Melco (MLCO) Director Clarence Chung Receives Restricted Stock Award
What Happened Clarence Y.M. Chung, a director of Melco Resorts & Entertainment Ltd. (MLCO), was granted 328,212 restricted shares on 2026-05-08. The reported transaction type is an award/grant (code A); the grant price is listed as $0.00 (no cash paid at grant). This was a grant of restricted stock, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-08 (reported on Form 4 with accession 0001193125-26-218085).
- Transaction type/code: Award/Grant (A).
- Shares granted: 328,212; grant price reported as $0.00 (no cash exchanged at grant).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: These are restricted shares under the Company’s 2021 Share Incentive Plan. Vesting: one‑third at 12 months, one‑third at 24 months, and one‑third at 36 months from grant, conditioned on continued service (and other conditions) (see footnote F1).
- Filing timeliness: no late‑filing flag was indicated in the supplied data.
Context Restricted-share awards are compensation and vest over time; they do not represent an immediate market purchase or sale. Such grants are common for directors and executives and are tied to service/vesting conditions rather than an outright investment signal.
Insider Transaction Report
Form 4
Chung Clarence YM
Director
Transactions
- Award
Ordinary shares
[F1]2026-05-08+328,212→ 1,375,054 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.
Signature
/s/ Tim Y. Sung, attorney-in-fact for Clarence Y.M. Chung|2026-05-12