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MGM Resorts International — Director's Dealing 2021
Dec 17, 2021
30603_dirs_2021-12-17_90f605fc-7899-40b0-96bb-f515f88e3732.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MGM Resorts International (MGM)
CIK: 0000789570
Period of Report: 2021-12-15
Reporting Person: Meister Keith A. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-15 | Deferred Stock Units | $ | A | 1.6439 | Acquired | Common Stock $.01 Par Value ND (1.6439) | Direct | |
| 2021-12-15 | Restricted Stock Units | $ | A | 0.2718 | Acquired | Common Stock $.01 Par Value ND (0.2718) | Direct |
Footnotes
F1: Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of Company common stock. The DSUs become payable upon the Reporting Person's termination of service as a Director.
F2: Dividend equivalent rights accrue with respect to these DSUs when and as dividends are paid on the Company's common stock and become payable upon the Reporting Person's termination of service as a Director.
F3: Restricted Stock Units ("RSUs") granted under the MGM Resorts International (the "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. Any fractional shares are paid in cash upon settlement.
F4: The RSUs will vest upon the earlier of (i) May 6, 2022 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.
F5: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on the Company's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.