MGM Resorts International CFO acquires 35,071 shares
The performance-unit vesting reflects 24,251 PSUs granted October 2, 2023, with 0.767495 shares issued per PSU.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
MGM Resorts International (MGM) Chief Financial Officer Jonathan S. Halkyard reported vesting and conversion transactions on October 2 and October 3, 2026, resulting in 35,071 common shares acquired. This included 18,612 shares associated with performance share units and restricted stock unit conversions of 7,475 shares on October 2 and 8,984 on October 3. Across three related transactions, 13,802 shares were delivered or withheld for payment of exercise price or tax liability at $30.48 per share.
Insider Trade Summary
35,071 shares exercised/converted
Exercise
9 txns
Insider
Halkyard Jonathan S
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 8,984 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 8,984 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 3,536 | $30.48 | $108K |
| Exercise | Restricted Stock Units F2 | 7,475 | $0.00 | $0.00 |
| Exercise | Performance Share Units F3, F1 | 18,612 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 7,475 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 2,942 | $30.48 | $90K |
| Exercise | Common Stock $.01 Par Value ND F1 | 18,612 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 7,324 | $30.48 | $223K |
Holdings After Transaction:
Restricted Stock Units — 7,475 contracts (Direct);
Performance Share Units — 0 contracts (Direct);
Common Stock $.01 Par Value ND — 140,066 shares (Direct)
Footnotes (4)
- F1. Represents the vesting of 24,251 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: 35,071 shares
Shares delivered or withheld: 13,802 shares
Price per share: $30.48 per share
+4 more
7 metrics
Common shares acquired
35,071 shares
Reported vesting and conversion transactions on October 2 and October 3, 2026
Shares delivered or withheld
13,802 shares
For payment of exercise price or tax liability
Price per share
$30.48 per share
Shares delivered or withheld in the reported transactions
Shares associated with PSU vesting
18,612 shares
Reported October 2, 2026
Performance share units
24,251 PSUs
Granted October 2, 2023; reported vesting October 2, 2026
Shares issued per PSU
0.767495 shares per PSU
Reported calculation for the vested performance share units
Target Price
$52.44
Performance share unit vesting calculation
Key Terms
Performance share units (PSUs), Restricted Stock Units, Target Price, Vesting Date
4 terms
Restricted Stock Units financial
"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 financial
"three years after the grant date (Vesting Date)"
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