William Hornbuckle - 21 Feb 2022 Form 4 Insider Report for MGM Resorts International (MGM)

Role
CEO AND PRESIDENT, Director
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Issuer symbol
MGM
Transactions as of
21 Feb 2022
Net transactions value
-$50,399
Form type
4
Filing time
23 Feb 2022, 16:13:18 UTC
Previous filing
04 Jan 2022
Next filing
28 Feb 2022
SEC
View on sec.gov

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 +3,125 +5.6% $0.000000 58,488 21 Feb 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability $50,399 -1,157 -2% $43.56 57,331 21 Feb 2022 Direct
holding MGM Common Stock $.01 Par Value ND 182,603 21 Feb 2022 In 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 -3,125 -50% $0.000000 3,123 21 Feb 2022 Common Stock $.01 Par Value ND 3,125 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 one share of Company common stock. Any fractional shares are paid in cash upon settlement.
F2 The RSUs are fully vested. Delivery of shares is made in four equal annual installments commencing on the first anniversary of the grant date.