William Hornbuckle - 02 Oct 2023 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: 02 Oct 2023
Net transactions value: -$459,288
Form type: 4
Filing time: 04 Oct 2023, 17:56:37 UTC
Previous filing: 22 Aug 2023
Next filing: 06 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	MGM	Common Stock $.01 Par Value ND	Options Exercise	$0	+32,672	+12%	$0.000000	302,666	03 Oct 2023	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	$459,288	-12,858	-4.2%	$35.72	289,808	03 Oct 2023	Direct
holding	MGM	Common Stock $.01 Par Value ND						172,781	02 Oct 2023	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	Ownership	Footnotes
transaction	MGM	Restricted Stock Units	Award	$0	+108,726		$0.000000	108,726	02 Oct 2023	Common Stock $.01 Par Value ND	108,726	Direct	F1
transaction	MGM	Performance Share Units	Award	$0	+88,185		$0.000000	88,185	02 Oct 2023	Common Stock $.01 Par Value ND	88,185	Direct	F2
transaction	MGM	Restricted Stock Units	Options Exercise	$0	-32,672	-25%	$0.000000	98,014	03 Oct 2023	Common Stock $.01 Par Value ND	32,672	Direct	F1

* 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 ("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. Any fractional shares are paid in cash upon settlement.
F2	Performance Share Units (PSUs) granted under the Plan. Each PSU represents 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 is three years after the grant date, relative to a target price of $52.44.

Content

Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan ("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. Any fractional shares are paid in cash upon settlement.

Performance Share Units (PSUs) granted under the Plan. Each PSU represents 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 is three years after the grant date, relative to a target price of $52.44.