Paul J. Salem - May 4, 2022 Form 4 Insider Report for MGM Resorts International (MGM)

Role
Director
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
May 4, 2022
Transactions value $
$0
Form type
4
Date filed
5/6/2022, 04:58 PM
Previous filing
May 2, 2022
Next filing
May 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MGM Common Stock $.01 Par Value ND 1.52M May 4, 2022 Direct

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 -4.5K -100% $0.00* 0 May 4, 2022 Common Stock $.01 Par Value ND 4.5K Direct F1, F2
transaction MGM Deferred Stock Units Options Exercise $0 +4.5K +7.82% $0.00 62K May 4, 2022 Common Stock $.01 Par Value ND 4.5K Direct F3
transaction MGM Restricted Stock Units Award $0 +4.45K $0.00 4.45K May 5, 2022 Common Stock $.01 Par Value ND 4.45K Direct F1, 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 Company's Amended and Restated 2005 Omnibus Incentive Plan (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.
F2 The RSUs vested on May 4, 2022, pursuant to the Plan and applicable award agreement.
F3 Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of Company common stock. The DSUs become payable upon the Reporting Person's termination of service as a Director.
F4 The RSUs will vest upon the earlier of (i) May 5, 2023 or (ii) the date of the Company's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.