Form 4: MGM Resorts Executive John McManus Reports Stock Transactions
SEC Form 4 Filing
John McManus, Chief Legal Admin Officer and Secretary of MGM Resorts International, reports the acquisition and disposal of company stock and restricted stock units on April 1, 2024.
Summary
- On April 1, 2024, John McManus, Chief Legal Admin Officer and Secretary of MGM Resorts International, reported transactions involving MGM common stock and restricted stock units (RSUs).
- McManus acquired 6,529 shares of common stock upon the vesting of restricted stock units.
- He also disposed of 2,570 shares of common stock to cover tax obligations at a price of $47.78 per share.
- Following these transactions, McManus directly owns 67,803 shares of MGM common stock.
- He also holds 0 derivative securities.
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 of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | Date Restricted Stock Units exercisable |
| 04/01/2024 | Date of stock transactions and RSU vesting. |
| 04/01/2024 | Date Restricted Stock Units expire |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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