Form 4: MGM Resorts International: Director Keith Meister Sells Shares

Director Keith Meister of MGM Resorts International reports selling a portion of his holdings in common stock.

Summary

• On March 12, 2024, Keith Meister, a director of MGM Resorts International, sold 325,000 shares of common stock at a weighted average price of $42.9.
• The shares were sold in multiple transactions with prices ranging from $42.69 to $43.15.
• Following this transaction, Meister indirectly holds 6,098,778 shares.
• On March 13, 2024, Meister sold an additional 100,000 shares of common stock at a weighted average price of $42.98.
• These shares were sold in multiple transactions with prices ranging from $42.82 to $43.10.
• Following this transaction, Meister indirectly holds 5,998,778 shares.
• The shares are held for the accounts of private investment funds managed by Corvex Management LP, where Meister controls the general partner.

Sentiment

Score: 5

Explanation: This is a neutral report of stock sales by a director. The sentiment is neither particularly positive nor negative without additional context.

Industry Context

Sales of shares by company directors are a common occurrence and are publicly disclosed to ensure transparency in the market. The impact on the stock price can vary depending on the size of the sale and the market's perception of the director's motives.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small portion of total shares sold.

Key Dates