Form 4: MGM Resorts Director Rose Mckinney-James Reports Acquisition of Deferred Stock Units

Director Rose Mckinney-James reports acquisition of deferred stock units in MGM Resorts International.

Summary

• Rose Mckinney-James, a director of MGM Resorts International, filed a Form 4 on July 3, 2024, reporting changes in beneficial ownership.
• The report indicates the acquisition of 72.0072 Deferred Stock Units (DSUs) on June 30, 2024, under the MGM Resorts International Deferred Compensation Plan for Non-Employee Directors.
• Each DSU is equivalent to one share of MGM Resorts International common stock.
• The price of the derivative security is $44.44.
• Following the reported transaction, Mckinney-James directly owns 1,760 shares of common stock and 59,420.4165 derivative securities.
• The DSUs become payable upon the Reporting Person's termination of service as a Director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs become payable upon the Reporting Person's termination of service as a Director.

Industry Context

This filing is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates