MGM Resorts (NYSE: MGM) executive exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGM Resorts International President, Interactive Gary M. Fritz reported routine equity compensation activity involving restricted stock units (RSUs). He exercised RSUs covering 2,259 shares of common stock, converting them into directly held shares. To satisfy tax obligations, 903 shares of common stock were disposed of through a tax-withholding transaction at $47.52 per share. Following these transactions, he directly holds over 130,000 shares of MGM common stock and continues to hold 4,518 RSUs that vest in three equal annual installments under the company’s 2022 Omnibus Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,259 shares exercised/converted
Mixed
3 txns
Insider
Fritz Gary M
Role
President, Interactive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,259 | $0.00 | -- |
| Exercise | Common Stock $.01 Par Value ND | 2,259 | $0.00 | -- |
| Tax Withholding | Common Stock $.01 Par Value ND | 903 | $47.52 | $43K |
Holdings After Transaction:
Restricted Stock Units — 4,518 shares (Direct);
Common Stock $.01 Par Value ND — 132,907 shares (Direct)
Footnotes (1)
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Key Figures
RSUs exercised: 2,259 shares
Tax-withholding shares: 903 shares
Tax-withholding price: $47.52 per share
+2 more
5 metrics
RSUs exercised
2,259 shares
Restricted stock units converted to common stock
Tax-withholding shares
903 shares
Shares disposed to cover tax liability
Tax-withholding price
$47.52 per share
Value assigned to withheld shares
Common shares after exercise
132,907 shares
Direct MGM common stock holdings after transactions
RSUs outstanding
4,518 units
Restricted stock units remaining after exercise
Key Terms
Restricted Stock Units, 2022 Omnibus Incentive Plan, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive 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.
2022 Omnibus Incentive Plan financial
"RSUs granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan (the "Plan")"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for shares used to pay tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" describing RSU conversion into common stock"
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did MGM (MGM) executive Gary Fritz report?
Gary Fritz reported exercising restricted stock units into 2,259 MGM common shares and a related tax-withholding disposition of 903 shares. These movements reflect routine equity compensation activity rather than open-market buying or selling of stock.
What happened to Gary Fritz’s restricted stock units in MGM (MGM)?
He exercised 2,259 restricted stock units into common shares, reducing that specific RSU balance. The filing also shows 4,518 RSUs remaining, which vest in three equal annual installments under MGM’s 2022 Omnibus Incentive Plan.
Is the MGM (MGM) Form 4 for Gary Fritz a significant trading signal?
The Form 4 reflects routine compensation events: RSU exercise and tax withholding. There are no open-market purchases or sales reported, so the filing mainly updates his equity position rather than signaling a directional trading decision.