Form 4: MGM Resorts Executive John McManus Reports Stock Transactions
SEC Form 4 Filing
John McManus, Chief Legal Administrative Officer and Secretary of MGM Resorts International, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- John McManus, a key executive at MGM Resorts International, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On October 2, 2024, McManus acquired 6,116 shares of common stock and disposed of 2,407 shares to cover tax obligations at a price of $39.62.
- On October 3, 2024, he acquired 7,352 shares of common stock and disposed of 2,894 shares to cover tax obligations at a price of $39.67.
- These transactions involved the vesting of restricted stock units (RSUs) granted under the company's incentive plan.
- Following these transactions, McManus directly owns 81,039 shares of common stock and 14,702 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Acquisition of 6,116 common stock shares and disposal of 2,407 shares for tax obligations. |
| 10/03/2024 | Acquisition of 7,352 common stock shares and disposal of 2,894 shares for tax obligations. |
| 10/04/2024 | Date of signature for the Form 4 filing. |
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