Corey Ian Sanders - Oct 7, 2022 Form 4 Insider Report for MGM Resorts International (MGM)

Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
Oct 7, 2022
Transactions value $
-$785,725
Form type
4
Date filed
10/11/2022, 08:23 PM
Previous filing
Oct 5, 2022
Next filing
Oct 21, 2022

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 +36K +12.08% $0.00 334K Oct 7, 2022 Direct F1
transaction MGM Common Stock $.01 Par Value ND Tax liability -$463K -14.2K -4.24% $32.68 320K Oct 7, 2022 Direct
transaction MGM Common Stock $.01 Par Value ND Award $0 +25.1K +7.86% $0.00 345K Oct 7, 2022 Direct F2
transaction MGM Common Stock $.01 Par Value ND Tax liability -$323K -9.89K -2.87% $32.68 335K Oct 7, 2022 Direct
holding MGM Common Stock $.01 Par Value ND 36.5K Oct 7, 2022 By CIS Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of 37,369.16505 performance share units (PSUs) granted on 10/7/2019 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 3 years after the grant date (Vesting Date), relative to a target price of $35.34 (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, 0.96275 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 30,606.281 PSUs granted on October 7, 2019 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.