Form 4: MGM Resorts International Director Keith Meister Sells Shares

Director Keith Meister of MGM Resorts International reports selling 139,300 shares of common stock at an average price of $40.44 on June 13, 2024.

Summary

• On June 13, 2024, Keith Meister, a director of MGM Resorts International, sold 139,300 shares of common stock.
• The shares were sold at a weighted average price of $40.44, with individual transactions ranging from $40.11 to $40.61.
• Following the transaction, Meister indirectly owns 5,859,478 shares through Corvex Management LP, where he controls the general partner.
• Meister disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale based on their own analysis.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The stock sale by a director may influence investor sentiment and potentially affect the stock price.

Key Dates