Roland A. Hernandez - May 5, 2021 Form 4 Insider Report for MGM Resorts International (MGM)

Role
Director
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
May 5, 2021
Transactions value $
$0
Form type
4
Date filed
5/7/2021, 05:28 PM
Next filing
May 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MGM Common Stock $.01 Par Value ND 27.5K May 5, 2021 Direct
holding MGM Common Stock $.01 Par Value ND 1.58K May 5, 2021 By Hernandez Family Living Trust
holding MGM Common Stock $.01 Par Value ND 16.4K May 5, 2021 Roland Hernandez Sep Retirement Account

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MGM Restricted Stock Units Options Exercise $0 -10.1K -100% $0.00* 0 May 5, 2021 Common Stock $.01 Par Value ND 10.1K Direct F1, F2
transaction MGM Deferred Stock Units Options Exercise $0 +10.1K +68.76% $0.00 24.7K May 5, 2021 Common Stock $.01 Par Value ND 10.1K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Roland A. Hernandez is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") granted under the Company's Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Company common stock. Any fractional shares are paid in cash upon settlement.
F2 The RSUs vested on May 5, 2021 subject to the terms of the Plan and applicable award agreement.
F3 Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of Company common stock. The DSUs become payable upon the Reporting Person's termination of service as a Director.