Form 4: MGM Resorts COO Corey Sanders Reports Stock Transactions
SEC Form 4 Filing
Corey Ian Sanders, COO of MGM Resorts International, reports the acquisition and disposal of company stock and restricted stock units on August 18, 2024.
Summary
- Corey Ian Sanders, the Chief Operating Officer of MGM Resorts International, filed a Form 4 with the SEC on August 20, 2024.
- The form details changes in his beneficial ownership of MGM stock.
- On August 18, 2024, Sanders acquired 20,300 shares of common stock upon the exercise of restricted stock units (RSUs).
- Also on August 18, 2024, 7,989 shares were disposed of to cover tax obligations at a price of $38.9 per share.
- Following these transactions, Sanders directly owns 247,943 shares and indirectly owns 36,465 shares through a CIS Trust.
Sentiment
Score: 5
Explanation: The document 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, which is common practice for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 08/18/2021 | Date Restricted Stock Units exercisable |
| 08/18/2024 | Date of stock transactions (acquisition and disposal). |
| 08/18/2024 | Expiration date of Restricted Stock Units |
| 08/20/2024 | Date of Form 4 filing. |
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