MGM Resorts International: McManus receives 15,228 shares
The PSU award’s share payout depended on stock performance against a $52.44 target price, with 0.767495 shares issued per unit.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
MGM Resorts International Chief Legal Admin Officer and Secretary John McManus reported direct vesting and settlement transactions on October 2 and 3, 2026. On October 2, 19,842 performance share units vested, resulting in 15,228 common shares, and 6,116 restricted stock units settled in common shares; 7,351 RSUs settled on October 3. He also reported 5,993 and 2,407 shares on October 2, and 2,893 shares on October 3, delivered or withheld for payment of exercise price or tax liability. Each was reported at $30.48 per share.
Insider Trade Summary
28,695 shares exercised/converted
Exercise
9 txns
Insider
McManus John
Role
CHIEF LEGAL ADMIN OFC AND SECY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 7,351 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 7,351 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 2,893 | $30.48 | $88K |
| Exercise | Restricted Stock Units F2 | 6,116 | $0.00 | $0.00 |
| Exercise | Performance Share Units F3, F1 | 15,228 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 6,116 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 2,407 | $30.48 | $73K |
| Exercise | Common Stock $.01 Par Value ND F1 | 15,228 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 5,993 | $30.48 | $183K |
Holdings After Transaction:
Restricted Stock Units — 6,116 contracts (Direct);
Performance Share Units — 0 contracts (Direct);
Common Stock $.01 Par Value ND — 83,087 shares (Direct)
Footnotes (4)
- F1. Represents the vesting of 19,842 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
Performance share units vested: 19,842 units
Common shares from PSU settlement: 15,228 shares
RSUs settled in common shares: 6,116 shares
+4 more
7 metrics
Performance share units vested
19,842 units
October 2, 2026
Common shares from PSU settlement
15,228 shares
October 2, 2026
RSUs settled in common shares
6,116 shares
October 2, 2026
RSUs settled in common shares
7,351 shares
October 3, 2026
Shares delivered or withheld
5,993 shares
Payment of exercise price or tax liability; reported at $30.48 per share on October 2, 2026
Shares delivered or withheld
2,407 shares
Payment of exercise price or tax liability; reported at $30.48 per share on October 2, 2026
Shares delivered or withheld
2,893 shares
Payment of exercise price or tax liability; reported at $30.48 per share on October 3, 2026
Key Terms
Restricted Stock Units, Performance Share Units, Target Price, Vesting Date
4 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)"
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