Key facts
- This page summarizes Paul J. Salem's Form 4 filing for MGM Growth Properties LLC.
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 02 May 2022, 20:08.
Paul J. Salem - 28 Apr 2022 Form 4 Insider Report for MGM Growth Properties LLC
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 28 Apr 2022
- Net transaction value
- +$42,500
- SEC form
- 4
- Accepted by SEC
- 02 May 2022, 20:08:01 UTC
- Prior SEC filing
- 19 Apr 2022
- Next SEC filing
- 06 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jessica Cunningham, Attorney-In-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Paul J. Salem filed Form 4 for MGM Growth Properties LLC on 02 May 2022.
Change
- Previous filing in this sequence was filed on 19 Apr 2022.
- Current net transaction value: +$42,500.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MGP
transaction
Derivative
Deferred Share Units
Award
- Transaction value
- $42,500
- Shares
- +1,021
- Change %
- +4.7%
- Price
- $41.64
- Shares after
- 22,898
- Date
- 28 Apr 2022
- Ownership
- Direct
- Underlying class
- Class A Common Shares
- Underlying amount
- 1,021
- Exercise price
- Footnotes
- F1
MGP
transaction
Derivative
Deferred Share Units
Disposed to Issuer
- Transaction value
- Shares
- -22,898
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Apr 2022
- Ownership
- Direct
- Underlying class
- Class A Common Shares
- Underlying amount
- 22,898
- Exercise price
- Footnotes
- F2
MGP
transaction
Derivative
Restricted Share Units
Disposed to Issuer
- Transaction value
- Shares
- -4,079
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Apr 2022
- Ownership
- Direct
- Underlying class
- Class A Common Shares
- Underlying amount
- 4,079
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Paul J. Salem is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Represents Deferred Share Units ("DSUs") under the MGM Growth Properties LLC 2016 Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Each DSU is the economic equivalent of one Class A share. The DSUs become payable upon the reporting person's termination of service as a Director in accordance with the Plan and the Transaction Agreement (defined below).
Footnote F2
Pursuant to the Master Transaction Agreement, dated as of August 4, 2021 (the "Transaction Agreement") by and among the Issuer, MGM Resorts International, MGM Growth Properties Operating Partnership LP, VICI Properties Inc. ("Parent"), Venus Sub LLC, VICI Properties L.P. and VICI Properties OP LLC, deferred share units which were to become payable upon the reporting person's termination of service as a Director were canceled and converted into the right to receive 1.366 shares of Parent Common Stock ("Merger Consideration") plus cash in lieu of fractional shares less any applicable tax withholdings.
Footnote F3
Pursuant to the Transaction Agreement unvested restricted share units which were to vest upon the earlier of (i) May 5, 2022 or (ii) the date of the Issuer's next annual meeting of shareholders were accelerated, vested and canceled and converted into the right to receive the Merger Consideration rounded up to the nearest whole share less any applicable tax withholdings.