Form 4: MGM Resorts International: SVP & Chief Accounting Officer Todd Meinert Reports Stock Transactions
SEC Form 4
Todd Meinert, SVP & Chief Accounting Officer of MGM Resorts International, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On October 2, 2024, Todd Meinert, SVP & Chief Accounting Officer of MGM Resorts International, acquired 1,155 shares of common stock and disposed of 282 shares to cover tax obligations at a price of $39.62.
- On October 3, 2024, Meinert acquired 1,389 shares of common stock and disposed of 339 shares to cover tax obligations at a price of $39.67.
- These transactions involved the vesting of restricted stock units (RSUs) granted under the company's Amended and Restated 2005 Omnibus Incentive Plan.
- Following these transactions, Meinert directly owns 21,919 shares of common stock and 2,777 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel within MGM Resorts International.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.
- Shareholders may be interested in the trading activity of company executives as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Acquisition of 1,155 common stock shares and disposal of 282 shares. |
| 10/02/2024 | Vesting of 1,155 Restricted Stock Units. |
| 10/02/2027 | Expiration date of Restricted Stock Units granted on 10/02/2024. |
| 10/03/2024 | Acquisition of 1,389 common stock shares and disposal of 339 shares. |
| 10/03/2023 | Date Exercisable of Restricted Stock Units granted on 10/03/2024. |
| 10/03/2026 | Expiration date of Restricted Stock Units granted on 10/03/2024. |
| 10/04/2024 | Date of signature for the Form 4 filing. |
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