Gary M. Fritz - 02 Oct 2023 Form 4 Insider Report for MGM Resorts International (MGM)

Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Issuer symbol
MGM
Transactions as of
02 Oct 2023
Net transactions value
-$106,624
Form type
4
Filing time
04 Oct 2023, 17:57:48 UTC
Previous filing
19 Dec 2022
Next filing
05 Dec 2023

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 +12,252 +108% $0.000000 23,601 03 Oct 2023 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability $106,624 -2,985 -13% $35.72 20,616 03 Oct 2023 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 Award $0 +40,772 $0.000000 40,772 02 Oct 2023 Common Stock $.01 Par Value ND 40,772 Direct F1
transaction MGM Performance Share Units Award $0 +33,070 $0.000000 33,070 02 Oct 2023 Common Stock $.01 Par Value ND 33,070 Direct F2
transaction MGM Restricted Stock Units Options Exercise $0 -12,252 -25% $0.000000 36,755 03 Oct 2023 Common Stock $.01 Par Value ND 12,252 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.