Corey Ian Sanders - Oct 19, 2021 Form 4 Insider Report for MGM Resorts International (MGM)

Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Oct 19, 2021
Transactions value $
-$1,765,172
Form type
4
Date filed
10/21/2021, 07:29 PM
Previous filing
Oct 7, 2021
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +10.7K +3.7% $0.00 300K Oct 19, 2021 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$200K -4.22K -1.41% $47.47 296K Oct 19, 2021 Direct
transaction MGM Common Stock $.01 Par Value ND Award $0 +45.6K +15.41% $0.00 341K Oct 19, 2021 Direct F1
transaction MGM Common Stock $.01 Par Value ND Tax liability -$852K -17.9K -5.26% $47.47 323K Oct 19, 2021 Direct
transaction MGM Common Stock $.01 Par Value ND Award $0 +38.2K +11.81% $0.00 362K Oct 19, 2021 Direct F2
transaction MGM Common Stock $.01 Par Value ND Tax liability -$713K -15K -4.16% $47.47 347K Oct 19, 2021 Direct
holding MGM Common Stock $.01 Par Value ND 36.5K Oct 19, 2021 By CIS Trust

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 -10.7K -50% $0.00 10.7K Oct 19, 2021 Common Stock $.01 Par Value ND 10.7K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of 34,728.1771 performance share units ("PSUs") granted on October 19, 2018 under the MGM Resorts International (the "Company") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each PSU represented the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that was three years after the grant date (the "Vesting Date"), relative to a target price of $34.56 (the "Target Price"). The Target Price is equal to 125% of the average closing price of Company common stock over the 60-calendar day period ending on the grant date. The number of shares issued per PSU, 1.31284 shares, was calculated by dividing the ending average stock price by the Target Price. For this purpose, the ending average stock price is the average closing price of Company common stock over the 60-day period ending on the Vesting Date, as adjusted to include dividends paid during the term of the PSU. Any fractional shares were paid in cash upon settlement.
F2 Represents the vesting of 29,446.6369 PSUs granted on October 19, 2018 under the Plan. The number of shares awarded at the end of the performance period was based upon the Company's three-year total shareholder return (TSR) compared to the TSRs of the constituents of the S&P 500 Index.
F3 Restricted Stock Units ("RSUs") granted under 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.