Form 4: MGM Resorts International Director Paul Salem Reports Stock Transactions
SEC Form 4 Filing
Director Paul Salem reports transactions involving MGM Resorts International's stock, including the vesting of Restricted Stock Units and Deferred Stock Units.
Summary
- Paul Salem, a director of MGM Resorts International, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On May 2, 2025, Salem vested 5,261 Restricted Stock Units (RSUs) and 5,261 Deferred Stock Units (DSUs).
- Each RSU represents the right to receive one share of MGM Resorts International common stock upon vesting.
- The RSUs vested according to the terms of the company's 2022 Omnibus Incentive Plan.
- Each DSU is the economic equivalent of one share of MGM Resorts International common stock and becomes payable upon Salem's termination of service as a director.
- Following the reported transactions, Salem directly owns 1,702,500 shares of MGM Resorts International common stock and 107,247.3869 Deferred Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like MGM Resorts International.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of RSU and DSU vesting. |
| 05/06/2025 | Date of Form 4 filing. |
Keywords
MGM Resorts International, Paul Salem, Form 4, Director, Beneficial Ownership, Restricted Stock Units, Deferred Stock Units, Stock Transactions, Securities, Vesting
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