Form 4: MGM Resorts COO Corey Sanders Reports Stock Transactions

Corey Ian Sanders, COO of MGM Resorts International, reports the acquisition and disposal of company stock and restricted stock units.

Summary

• Corey Ian Sanders, the Chief Operating Officer of MGM Resorts International, filed a Form 4 with the SEC.
• The filing reports transactions involving MGM Resorts International common stock and restricted stock units (RSUs).
• On February 27, 2024, Sanders acquired 4,109 shares of common stock through the vesting of RSUs.
• Also on February 27, 2024, Sanders disposed of 1,521 shares to cover tax obligations at a price of $42 per share.
• Sanders directly owns 230,262 shares of MGM Resorts International common stock following these transactions.
• Sanders indirectly owns 36,465 shares through the CIS Trust.
• The RSUs were granted under the company's Amended and Restated 2005 Omnibus Incentive Plan and are fully vested, with delivery of shares made in four equal annual installments commencing on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the corporate world. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates