Todd Meinert - 04 Oct 2024 Form 4 Insider Report for MGM Resorts International (MGM)

Role: SVP & Chief Accounting Officer
Signature: /s/ Jessica Cunningham, Attorney-In-Fact
Issuer symbol: MGM
Transactions as of: 04 Oct 2024
Net transactions value: -$31,091
Form type: 4
Filing time: 08 Oct 2024, 20:09:26 UTC
Previous filing: 04 Oct 2024
Next filing: 20 Feb 2025
SEC: View on sec.gov

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	+2,309	+11%	$0.000000	24,228	04 Oct 2024	Direct	F1
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	$22,762	-563	-2.3%	$40.43	23,665	04 Oct 2024	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Options Exercise	$0	+842	+3.6%	$0.000000	24,507	04 Oct 2024	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	$8,329	-206	-0.84%	$40.43	24,301	04 Oct 2024	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	-842	-50%	$0.000000	843	04 Oct 2024	Common Stock $.01 Par Value ND	842		Direct	F2
transaction	MGM	Restricted Stock Units	Award	$0	+4,137		$0.000000	4,137	07 Oct 2024	Common Stock $.01 Par Value ND	4,137		Direct	F3
transaction	MGM	Performance Share Units	Award	$0	+3,927		$0.000000	3,927	07 Oct 2024	Common Stock $.01 Par Value ND	3,927		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents the vesting of 3,205.11383 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	Restricted Stock Units ("RSUs") granted under 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.
F3	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.
F4	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.