Form 4: MGM Resorts International Director Acquires Deferred Stock Units

Director Keith A. Meister acquired 900.09 Deferred Stock Units (DSUs) in MGM Resorts International on June 30, 2024, under the company's Deferred Compensation Plan for Non-Employee Directors.

Summary

• On June 30, 2024, Keith A. Meister, a director of MGM Resorts International, acquired 900.09 Deferred Stock Units (DSUs) under the company's Deferred Compensation Plan for Non-Employee Directors.
• Each DSU is equivalent to one share of MGM Resorts International common stock.
• The DSUs will become payable upon Meister's termination of service as a director.
• Following the transaction, Meister directly owns 49,684.1112 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive as it aligns director interests with shareholder value.

Industry Context

This filing reflects standard compensation practices for non-employee directors, aligning their interests with the long-term performance of the company. Deferred stock units are a common way to provide equity-based compensation to directors.

Comparison to Industry Standards

• Deferred stock units are a common form of compensation for non-employee directors in publicly traded companies, including those in the gaming and hospitality industry.
• Companies like Las Vegas Sands and Wynn Resorts also utilize similar equity-based compensation plans for their directors.
• The vesting and payout terms, typically linked to continued service, are consistent with industry norms.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, as the value of the DSUs is tied to the company's stock performance.

Key Dates