Form 4: MGM Resorts Director Ben Winston Reports Stock Transactions
SEC Form 4
Director Ben Winston reports acquisition and disposal of MGM Resorts International stock units on May 1st and 2nd, 2024.
Summary
- Ben Winston, a director at MGM Resorts International, filed a Form 4 detailing changes in beneficial ownership.
- On May 1, 2024, Winston disposed of 4,344 common stock units at $0 price.
- Also on May 1, 2024, Winston acquired 4,344 Restricted Stock Units (RSUs) that vested.
- On May 2, 2024, Winston acquired 5,261 Restricted Stock Units (RSUs) that will vest on the earlier of May 2, 2025, or the date of the Company's next annual meeting of stockholders.
- Following these transactions, Winston directly owns 5,261 derivative securities and 5,330 common stock units.
- The RSUs were granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Disposal of 4,344 common stock units and acquisition of 4,344 vested Restricted Stock Units. |
| 05/02/2024 | Acquisition of 5,261 Restricted Stock Units. |
| 05/02/2025 | Date on which 5,261 Restricted Stock Units will vest, or the date of the Company's next annual meeting of stockholders, whichever is earlier. |
| 05/03/2024 | Date of signature by Attorney-In-Fact. |
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