Form 4: MGM Resorts CEO William Hornbuckle Reports Stock Transactions
SEC Form 4 Filing
William Hornbuckle, CEO and President of MGM Resorts International, reports the acquisition and disposal of company stock and restricted stock units on August 18, 2024.
Summary
- On August 18, 2024, William Hornbuckle, the CEO and President of MGM Resorts International, engaged in transactions involving the company's stock and restricted stock units (RSUs).
- He acquired 38,213 shares of common stock upon the exercise of restricted stock units.
- He disposed of 15,038 shares to cover tax obligations at a price of $38.9 per share.
- Following these transactions, Hornbuckle directly owns 400,287 shares and indirectly owns 172,781 shares held in a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 08/18/2021 | Date exercisable for Restricted Stock Units |
| 08/18/2024 | Date of transaction involving stock and restricted stock units. |
| 08/18/2024 | Expiration date for Restricted Stock Units |
| 08/20/2024 | Date of signature by Attorney-In-Fact. |
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