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 April 1, 2024.
Summary
- On April 1, 2024, William Hornbuckle, the CEO and President of MGM Resorts International, engaged in transactions involving the company's stock.
- He acquired 11,259 shares of common stock upon the vesting of restricted stock units.
- He disposed of 4,431 shares to cover tax obligations at a price of $47.78 per share.
- Following these transactions, Hornbuckle directly owns 318,212 shares and indirectly owns 172,781 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and trading activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | Date exercisable for Restricted Stock Units |
| 04/01/2024 | Date of stock transactions and RSU vesting. |
| 04/01/2024 | Expiration date for Restricted Stock Units |
| 04/03/2024 | Date of signature for the report. |
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