TSUI YIU WA ALEC 4

What Happened

• TSUI YIU WA ALEC (Alec Tsui), a director of Melco Resorts & Entertainment Ltd. (MLCO), was granted 97,767 restricted shares on 2026-05-08. The Form 4 records the transaction as an award/acquisition (code A) at $0.00 per share (total cash value not reported on the form). This was a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 97,767; reported price on form: $0.00 per share.
• Shares owned after transaction: not specified in the filing provided.
• Footnote: Grant consists of restricted shares under Melco’s 2021 Share Incentive Plan. Vesting is one-third at 12 months, one-third at 24 months, and one-third at 36 months from the grant, conditioned on continued service (see F1).
• No tax-withholding or disposition details were reported on this Form 4.

Context

• Restricted share awards vest over time and are delivered to the insider only upon vesting; they are common compensation for executives and directors and do not necessarily signal a buy or sell decision. Because these shares are subject to service-based vesting, they may incentivize continued service rather than reflect immediate market sentiment.