Corey Ian Sanders - Oct 4, 2024 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 4, 2024
Transactions value $: -$618,498
Form type: 4
Date filed: 10/8/2024, 08:12 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	+18.2K	+6.95%	$0.00	280K	Oct 4, 2024	Direct	F1
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	-$289K	-7.15K	-2.56%	$40.43	273K	Oct 4, 2024	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Award	$0	+11.9K	+4.35%	$0.00	284K	Oct 4, 2024	Direct	F2
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	-$189K	-4.67K	-1.64%	$40.43	280K	Oct 4, 2024	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Options Exercise	$0	+8.84K	+3.16%	$0.00	289K	Oct 4, 2024	Direct
transaction	MGM	Common Stock $.01 Par Value ND	Tax liability	-$141K	-3.48K	-1.21%	$40.43	285K	Oct 4, 2024	Direct
holding	MGM	Common Stock $.01 Par Value ND						36.5K	Oct 4, 2024	By CIS 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	-8.84K	-50%	$0.00	8.84K	Oct 4, 2024	Common Stock $.01 Par Value ND	8.84K		Direct	F3
transaction	MGM	Restricted Stock Units	Award	$0	+36.5K		$0.00	36.5K	Oct 7, 2024	Common Stock $.01 Par Value ND	36.5K		Direct	F4
transaction	MGM	Performance Share Units	Award	$0	+26K		$0.00	26K	Oct 7, 2024	Common Stock $.01 Par Value ND	26K		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 25,226.76676 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 23,143.04262 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 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.
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.