MGM Resorts Gary M. Fritz receives 47,825 shares
The reported transactions also include 19,098 shares delivered or withheld for payment of exercise price or tax liability at $30.48 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
MGM Resorts International President, Interactive Gary M. Fritz reported vesting/conversion transactions that resulted in 47,825 common shares on October 2 and October 3, 2026. The entries include 10,193 common shares from RSUs and 25,381 from PSU vesting on October 2, plus 12,251 common shares from RSUs on October 3. A further 19,098 shares were delivered or withheld for payment of exercise price or tax liability; those transactions list $30.48 per share.
Insider Trade Summary
47,825 shares exercised/converted
Exercise
9 txns
Insider
Fritz Gary M
Role
President, Interactive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 12,251 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 12,251 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 4,892 | $30.48 | $149K |
| Exercise | Restricted Stock Units F2 | 10,193 | $0.00 | $0.00 |
| Exercise | Performance Share Units F3, F1 | 25,381 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 10,193 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 4,071 | $30.48 | $124K |
| Exercise | Common Stock $.01 Par Value ND F1 | 25,381 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 10,135 | $30.48 | $309K |
Holdings After Transaction:
Restricted Stock Units — 10,193 contracts (Direct);
Performance Share Units — 0 contracts (Direct);
Common Stock $.01 Par Value ND — 178,577 shares (Direct)
Footnotes (4)
- F1. Represents the vesting of 33,070 performance share units (PSUs) granted on October 2, 2023, under the MGM Resorts International (Company) 2022 Omnibus Incentive Plan (Plan). Each PSU represented 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 was three years after the grant date (Vesting Date), relative to a target price of $52.44 (Target Price). The Target Price is equal to 125% of the average closing price of Company common stock over the 60-calendar day period ending on the grant date. The number of shares issued per PSU, 0.767495 shares, was calculated by dividing the ending average stock price by the Target Price. For this purpose, the ending average stock price is the average closing price of Company common stock over the 60-day period ending on the Vesting Date.
- F2. Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") 2022 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.
- F3. 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 $52.44.
- F4. 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.
Key Figures
Common shares acquired: 47,825 common shares
Shares delivered or withheld: 19,098 shares
Reported price per share: $30.48 per share
+3 more
6 metrics
Common shares acquired
47,825 common shares
Reported vesting/conversion transactions on October 2 and October 3, 2026
Shares delivered or withheld
19,098 shares
For payment of exercise price or tax liability
Reported price per share
$30.48 per share
Code F transactions on October 2 and October 3, 2026
Performance share units vested
33,070 performance share units
Granted on October 2, 2023
Shares issued per performance share unit
0.767495 shares
Calculation for the performance share unit vesting
Target Price
$52.44
Performance share unit vesting calculation
Key Terms
Restricted Stock Units, performance share units, Target Price, Vesting Date, +1 more
5 terms
Restricted Stock Units technical
"Restricted Stock Units ("RSUs") granted under the Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Target Price financial
"relative to a target price of $52.44 (Target Price)"
A target price is an analyst’s estimate of where a stock’s market price might reasonably be expected to reach over a specified future period, expressed as a single number. It matters to investors because it gives a simple benchmark for potential gain or loss—like a weather forecast for a trip—helping people compare expectations, set goals, and decide whether a stock looks like a good buy, while remembering it’s an informed estimate, not a guarantee.
Vesting Date technical
"date that was three years after the grant date (Vesting Date)"
2022 Omnibus Incentive Plan technical
"Company 2022 Omnibus Incentive Plan (Plan)"
FAQ
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