Chung Clarence YM 4

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.