Corey Ian Sanders - Oct 7, 2022 Form 4 Insider Report for MGM Resorts International (MGM)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol: MGM
Transactions as of: Oct 7, 2022
Transactions value $: -$785,725
Form type: 4
Date filed: 10/11/2022, 08:23 PM
Previous filing: Oct 5, 2022
Next filing: Oct 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGM	Common Stock $.01 Par Value ND	Award	$0	+36K	+12.08%	$0.00	334K	Oct 7, 2022	Direct	F1
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	-$463K	-14.2K	-4.24%	$32.68	320K	Oct 7, 2022	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Award	$0	+25.1K	+7.86%	$0.00	345K	Oct 7, 2022	Direct	F2
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	-$323K	-9.89K	-2.87%	$32.68	335K	Oct 7, 2022	Direct
holding	MGM	Common Stock $.01 Par Value ND						36.5K	Oct 7, 2022	By CIS Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of 37,369.16505 performance share units (PSUs) granted on 10/7/2019 under the MGM Resorts International (Company) Amended and Restated 2005 Omnibus Incentive Plan (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 3 years after the grant date (Vesting Date), relative to a target price of $35.34 (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, 0.96275 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.
F2	Represents the vesting of 30,606.281 PSUs granted on October 7, 2019 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.

Content

Represents the vesting of 37,369.16505 performance share units (PSUs) granted on 10/7/2019 under the MGM Resorts International (Company) Amended and Restated 2005 Omnibus Incentive Plan (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 3 years after the grant date (Vesting Date), relative to a target price of $35.34 (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, 0.96275 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.

Represents the vesting of 30,606.281 PSUs granted on October 7, 2019 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.