Daniel J. Taylor - Jul 15, 2021 Form 4 Insider Report for MGM Growth Properties LLC (MGP)

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	MGP	Deferred Share Units	Award		+420	+1.4%		30.3K	Jul 15, 2021	Class A Common Shares	420		By grantor trust	F1, F2
transaction	MGP	Restricted Share Units	Award		+54.3	+1.4%		3.92K	Jul 15, 2021	Class A Common Shares	54.3		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Represents Deferred Share Units (DSUs) under the MGM Growth Properties LLC 2016 Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one Class A share. The DSUs become payable upon the reporting person's termination of service as a Director. Any fractional shares will be paid in cash upon settlement.
F2	Dividend equivalent rights accrue with respect to these DSUs when and as dividends are paid on the Issuer's Class A common shares and become payable upon the reporting person's termination of service as a Director.
F3	Restricted Share Units ("RSUs") granted under the MGM Growth Properties LLC 2016 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Class A common shares representing limited liability company interests of the Issuer.
F4	The RSUs will vest upon the earlier of (i) May 5, 2022 or (ii) the date of the Issuer's next annual meeting of shareholders, in each case subject to the terms of the Plan and applicable award agreement. Any fractional shares will be paid in cash upon settlement.
F5	Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the Issuer's Class A common shares and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.