Form 4: MGM Resorts International Director Rose Mckinney-James Reports Acquisition of Deferred Stock Units

Sentiment:

SEC Form 4 Filing


Director Rose Mckinney-James reports acquisition of deferred stock units in MGM Resorts International.

Summary

  • On March 31, 2024, Rose Mckinney-James, a director of MGM Resorts International, reported the acquisition of 63.5459 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 Mckinney-James' termination of service as a director.
  • Following the transaction, Mckinney-James beneficially owns 55,873.4093 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests with shareholders.

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 related to director compensation and holdings, common in the corporate governance landscape. It provides transparency into the alignment of director interests with shareholder value through equity-based compensation.

Stakeholder Impact

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

Key Dates

DateDescription
03/31/2024Date of transaction: Acquisition of Deferred Stock Units
04/02/2024Date of signature on the Form 4 filing

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