Mary Chris Jammet - May 1, 2024 Form 4 Insider Report for MGM Resorts International (MGM)

Role
Director
Signature
/s/ Jessica Cunningham, Attorney-In-Fact
Stock symbol
MGM
Transactions as of
May 1, 2024
Transactions value $
$0
Form type
4
Date filed
5/3/2024, 05:35 PM
Previous filing
Apr 26, 2024
Next filing
May 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGM Common Stock $.01 Par Value ND Options Exercise $0 +4.34K +82.74% $0.00 9.59K May 1, 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 -4.34K -100% $0.00* 0 May 1, 2024 Common Stock $.01 Par Value ND 4.34K Direct F1, F2
transaction MGM Restricted Stock Units Award $0 +5.26K $0.00 5.26K May 2, 2024 Common Stock $.01 Par Value ND 5.26K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Company common stock.
F2 The RSUs vested on May 1, 2024 pursuant to the Plan and applicable award agreement.
F3 The RSUs will vest upon the earlier of (i) May 2, 2025 or (ii) the date of the Company's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.