Form 4: MGM Resorts International Director Acquires Deferred Stock Units

Director Keith A. Meister acquired deferred stock units in MGM Resorts International, convertible to common stock upon termination of service.

Summary

• On March 31, 2024, Keith A. Meister, a director of MGM Resorts International, acquired 794.3232 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 price of the transaction was $47.21 per share.
• Following the transaction, Meister directly owns 44,440.0212 shares.
• The DSUs become payable upon Meister's termination of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of deferred stock units. It doesn't inherently indicate positive or negative performance, but rather a routine compensation practice.

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 of a director's stock ownership changes, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's stake in the company.

Key Dates