William Hornbuckle - Mar 15, 2022 Form 4 Insider Report for MGM Resorts International (MGM)

Role
CEO AND PRESIDENT, Director
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2022, 07:09 PM
Previous filing
Mar 1, 2022
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MGM Common Stock $.01 Par Value ND 60.2K Mar 15, 2022 Direct
holding MGM Common Stock $.01 Par Value ND 183K Mar 15, 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 Award +0.668 +0.01% 10.7K Mar 15, 2022 Common Stock $.01 Par Value ND 0.668 Direct F1, F2
transaction MGM Restricted Stock Units Award +0.195 +0.01% 3.12K Mar 15, 2022 Common Stock $.01 Par Value ND 0.195 Direct F2, F3, F4
transaction MGM Restricted Stock Units Award +0.574 +0.01% 9.2K Mar 15, 2022 Common Stock $.01 Par Value ND 0.574 Direct F2, F3, F4
transaction MGM Restricted Stock Units Award +2.11 +0.01% 33.8K Mar 15, 2022 Common Stock $.01 Par Value ND 2.11 Direct F2, F5
transaction MGM Restricted Stock Units Award +18.1 +0.01% 290K Mar 15, 2022 Common Stock $.01 Par Value ND 18.1 Direct F2, F6
transaction MGM Restricted Stock Units Award +7.15 +0.01% 115K Mar 15, 2022 Common Stock $.01 Par Value ND 7.15 Direct F1, F2
transaction MGM Restricted Stock Units Award +4.48 +0.01% 71.9K Mar 15, 2022 Common Stock $.01 Par Value ND 4.48 Direct F1, F2
transaction MGM Restricted Stock Units Award +1.41 +0.01% 22.6K Mar 15, 2022 Common Stock $.01 Par Value ND 1.41 Direct F1, F2, F4
* 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, following vesting, one share of Company common stock. Any fractional shares are paid in cash upon settlement.
F2 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.
F3 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.
F4 The RSUs are fully vested. Delivery of shares is made in four equal annual installments commencing on the first anniversary of the grant date.
F5 RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs 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.
F6 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.