William Hornbuckle - Dec 15, 2021 Form 4 Insider Report for MGM Resorts International (MGM)

Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Dec 15, 2021
Transactions value $
$0
Form type
4
Date filed
12/17/2021, 06:06 PM
Previous filing
Nov 16, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MGM Common Stock $.01 Par Value ND 55.4K Dec 15, 2021 Direct F1
holding MGM Common Stock $.01 Par Value ND 243K Dec 15, 2021 In trust F1

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 Award +0.647 +0.01% 10.7K Dec 15, 2021 Common Stock $.01 Par Value ND 0.647 Direct F2, F3
transaction MGM Restricted Stock Units Award +0.378 +0.01% 6.25K Dec 15, 2021 Common Stock $.01 Par Value ND 0.378 Direct F3, F4, F5
transaction MGM Restricted Stock Units Award +0.835 +0.01% 13.8K Dec 15, 2021 Common Stock $.01 Par Value ND 0.835 Direct F3, F4, F5
transaction MGM Restricted Stock Units Award +2.04 +0.01% 33.8K Dec 15, 2021 Common Stock $.01 Par Value ND 2.04 Direct F3, F6
transaction MGM Restricted Stock Units Award +17.5 +0.01% 290K Dec 15, 2021 Common Stock $.01 Par Value ND 17.5 Direct F3, F7
transaction MGM Restricted Stock Units Award +6.93 +0.01% 115K Dec 15, 2021 Common Stock $.01 Par Value ND 6.93 Direct F2, F3
transaction MGM Restricted Stock Units Award +4.34 +0.01% 71.9K Dec 15, 2021 Common Stock $.01 Par Value ND 4.34 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person transferred 105,240 shares from direct holdings to indirect holdings on November 23, 2021.
F2 Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive 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.
F3 Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the Company's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.
F4 RSUs granted under the Plan. Each RSU represents the right to receive one share of Company common stock. Any fractional shares are paid in cash upon settlement.
F5 The RSUs are fully vested. Delivery of shares is made in four equal annual installments commencing on the first anniversary of the grant date.
F6 RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. The RSUs were granted on April 1, 2020 as part of the Reporting Person's 2020 annual equity award pursuant to the terms of his new employment agreement with the Company.
F7 RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs will cliff vest on the second anniversary of the grant date. If the Reporting Person's employment with the Company terminates as a result of a "Special No-Cause Termination" as defined in the Reporting Person's employment agreement then the RSUs will vest in full and become payable within 30 days from the date of his separation.