William Hornbuckle - Oct 4, 2024 Form 4 Insider Report for MGM Resorts International (MGM)

Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Oct 4, 2024
Transactions value $
-$1,257,413
Form type
4
Date filed
10/8/2024, 08:00 PM
Previous filing
Oct 4, 2024

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 +37K +8.46% $0.00 474K Oct 4, 2024 Direct F1
transaction MGM Common Stock $.01 Par Value ND Tax liability -$588K -14.5K -3.07% $40.43 459K Oct 4, 2024 Direct
transaction MGM Common Stock $.01 Par Value ND Award $0 +24.1K +5.25% $0.00 483K Oct 4, 2024 Direct F2
transaction MGM Common Stock $.01 Par Value ND Tax liability -$383K -9.49K -1.96% $40.43 474K Oct 4, 2024 Direct
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +18K +3.8% $0.00 492K Oct 4, 2024 Direct
transaction MGM Common Stock $.01 Par Value ND Tax liability -$286K -7.08K -1.44% $40.43 485K Oct 4, 2024 Direct
holding MGM Common Stock $.01 Par Value ND 173K Oct 4, 2024 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 Options Exercise $0 -18K -50% $0.00 18K Oct 4, 2024 Common Stock $.01 Par Value ND 18K Direct F3
transaction MGM Restricted Stock Units Award $0 +97.3K $0.00 97.3K Oct 7, 2024 Common Stock $.01 Par Value ND 97.3K Direct F4
transaction MGM Performance Share Units Award $0 +69.3K $0.00 69.3K Oct 7, 2024 Common Stock $.01 Par Value ND 69.3K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of 51,287.82344 performance share units (PSUs) granted on 10/4/2021, 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 three years after the grant date (Vesting Date), relative to a target price of $52.20 (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, 0.72046 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 47,051.35119 PSUs granted on October 4, 2021, 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.
F3 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 one share of Company common stock. Any fractional shares are paid in cash upon settlement.
F4 Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts International common stock. The RSUs will vest in three equal annual installments commencing on the first anniversary of the grant date.
F5 Performance Share Units (PSUs) granted under the Plan. Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts International 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 $47.21.