MGM Resorts (MGM) COO reports stock ownership and equity awards in Form 3
Rhea-AI Filing Summary
MGM Resorts International's chief operating officer has filed an initial statement of ownership, reporting both direct and indirect holdings of the company’s common stock as of 01/01/2026. The filing shows direct ownership of 23,359 shares of common stock and indirect ownership of 200 shares held by the officer’s spouse.
The officer also holds several equity-based awards. These include performance share units that can settle into up to 7,349 and 9,528 shares of common stock, depending on stock performance over three-year periods tied to target prices of $52.44 and $47.21, respectively. In addition, multiple restricted stock unit grants are listed, covering thousands of shares that vest in either three or four equal annual installments beginning on the first anniversary of their grant dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Share Units | -- | -- | -- |
| holding | Performance Share Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock $.01 Par Value ND | -- | -- | -- |
| holding | Common Stock $.01 Par Value ND | -- | -- | -- |
Footnotes (1)
- Performance Share Units (PSUs) granted under the MGM Resorts International (Company) 2022 Omnibus Incentive Plan (Plan). Each PSU represents the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date, relative to a target price of $52.44. PSUs granted under the Plan. Each PSU represents the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date, relative to a target price of $47.21. Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date. RSUs granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in three equal annual installments commencing on the first anniversary of the grant date. RSUs granted under the Company Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in four equal annual installments commencing on the first anniversary of the grant date. Any fractional shares are paid in cash upon settlement.
FAQ
What does the latest Form 3 filing reveal about MGM (MGM) insider holdings?
The Form 3 shows that the chief operating officer of MGM Resorts International directly owns 23,359 shares of common stock and indirectly owns 200 shares through a spouse, plus multiple performance share units and restricted stock units that may convert into additional shares over time.
What restricted stock units does the MGM (MGM) officer hold and how do they vest?
The officer holds several RSU awards, including 2,042, 3,398, 6,692, 299, and 12,161 underlying shares. Each RSU converts into one share of common stock upon vesting, with vesting in three or four equal annual installments starting on the first anniversary of the grant date.
Under which plans were the MGM (MGM) equity awards in the Form 3 granted?
The performance share units and most RSUs were granted under the 2022 Omnibus Incentive Plan of MGM Resorts International, while one RSU grant was issued under the Amended and Restated 2005 Omnibus Incentive Plan.
What is the officer’s role and relationship to MGM (MGM)?
The reporting person is disclosed as an officer of MGM Resorts International, specifically serving as Chief Operating Officer, and is not marked as a director or 10% owner in the relationship section.