Form 4: MGM Interactive President's Equity Transactions

MGM Resorts International's President of Interactive, Gary M. Fritz, reported significant equity transactions including the vesting of performance share units and restricted stock units, alongside related tax withholdings.

Summary

• Gary M. Fritz, President, Interactive at MGM Resorts International, reported multiple equity transactions on October 3, 2025.
• Acquired 12,252 shares of common stock through the vesting of Restricted Stock Units (RSUs) under the 2022 Omnibus Incentive Plan.
• Acquired 30,310 shares of common stock from the vesting of 35,129.42456 Performance Share Units (PSUs) granted on October 3, 2022, based on stock performance relative to a target price of $41.83.
• Acquired 22,419 shares of common stock from the vesting of 33,018.279 PSUs granted on October 3, 2022, based on the company's three-year Total Shareholder Return (TSR) compared to the S&P 500 Index.
• Disposed of a total of 25,948 shares of common stock (4,893 + 12,103 + 8,952) at a price of $33.93 per share, primarily for tax withholding purposes related to the vested equity awards.
• Following these transactions, Mr. Fritz beneficially owns 114,328 shares of common stock and 12,251 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The vesting of significant equity awards for a key executive is generally a positive sign, reflecting the achievement of performance targets and aligning executive interests with shareholders. The associated tax-related dispositions are standard and not indicative of negative sentiment.

Positives

• Significant equity awards (PSUs and RSUs) vested for Gary M. Fritz, indicating the achievement of performance milestones or tenure.
• The vesting of 30,310 PSUs was based on the common stock's performance relative to a target price, suggesting favorable stock performance.
• The vesting of 22,419 PSUs was based on the company's three-year Total Shareholder Return (TSR) compared to the S&P 500 Index, implying competitive performance.

Negatives

• A substantial number of shares (25,948) were disposed of at $33.93 per share, primarily for tax withholding, which reduces the direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity ownership. The vesting of performance-based awards suggests the company met certain performance criteria.
• Employees: Demonstrates the company's executive compensation structure and the potential for long-term incentives.

Next Steps

• Future vesting installments for the remaining 12,251 Restricted Stock Units (RSUs) as per the original grant schedule.

Key Dates

Recommendation

This Form 4 details routine executive equity vesting and associated tax sales, which are expected events and do not provide new fundamental information to warrant a change in investment recommendation. The transactions reflect the execution of pre-existing compensation plans and do not signal a significant shift in company outlook or executive confidence beyond what was already known when the awards were granted.

Keywords

MGM Resorts International, MGM, Form 4, Insider Transaction, Equity Vesting, Performance Share Units, Restricted Stock Units, Executive Compensation, Gary M. Fritz