MGM Resorts CEO acquires 127,534 shares through vesting
The performance-unit award used 0.767495 shares per PSU, based on stock-price performance relative to a $52.44 target price.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
MGM Resorts International CEO and President William Hornbuckle reported vesting events that resulted in the acquisition of 127,534 common shares on October 2 and October 3, 2026. He also had 50,186 shares delivered or withheld for payment of exercise price or tax liability, at a reported $30.48 per share.
A separate holding entry lists 777,849 common shares indirectly held in trust as of October 2, 2026. A footnote says the balance reflects transfers from direct holdings to a revocable trust.
Insider Trade Summary
127,534 shares exercised/converted
Exercise
10 txns
Insider
HORNBUCKLE WILLIAM
Role
CEO AND PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F5 | 32,672 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 32,672 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 12,857 | $30.48 | $392K |
| Exercise | Restricted Stock Units F3 | 27,181 | $0.00 | $0.00 |
| Exercise | Performance Share Units F4, F1 | 67,681 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 27,181 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 10,696 | $30.48 | $326K |
| Exercise | Common Stock $.01 Par Value ND F1 | 67,681 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 26,633 | $30.48 | $812K |
| holding | Common Stock $.01 Par Value ND F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 27,182 contracts (Direct);
Performance Share Units — 0 contracts (Direct);
Common Stock $.01 Par Value ND — 77,353 shares (Direct);
Common Stock $.01 Par Value ND — 777,849 shares (Indirect, In trust)
Footnotes (5)
- F1. Represents the vesting of 88,185 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. Reflects an adjustment to the previously reported balance to account for transfers of common stock from direct holdings to a revocable trust.
- F3. 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.
- F4. 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.
- F5. 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 through vesting: 127,534 shares
Shares delivered or withheld: 50,186 shares
Reported price per share: $30.48 per share
+3 more
6 metrics
Common shares acquired through vesting
127,534 shares
October 2 and October 3, 2026
Shares delivered or withheld
50,186 shares
For payment of exercise price or tax liability
Reported price per share
$30.48 per share
For shares delivered or withheld
Performance share units granted
88,185 PSUs
Granted October 2, 2023
Shares issued per PSU
0.767495 shares per PSU
At vesting
Common shares indirectly held in trust
777,849 shares
As of October 2, 2026
Key Terms
Restricted Stock Units, Performance Share Units, Target Price, 2022 Omnibus Incentive Plan, +1 more
5 terms
Restricted Stock Units technical
"Each RSU represents the right to receive, following vesting, one share"
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.
2022 Omnibus Incentive Plan technical
"under the MGM Resorts International (Company) 2022 Omnibus Incentive Plan"
revocable trust technical
"transfers of common stock from direct holdings to a revocable trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
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