MGM insider filing shows 5,639 RSU grant and 336-share sale

Q: What did Todd Meinert report on the Form 4 for MGM (MGM)?

Todd Meinert reported a 5,639 RSU grant (10/06/2025), a deemed issuance of 1,379 shares (10/07/2025), and a sale of 336 shares at $33.12 (10/07/2025).

Q: How do the RSUs granted to the officer vest?

The 5,639 RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, converting to one share per RSU upon vesting.

Q: What is the reporting person’s title and relationship to MGM?

The reporting person is Todd Meinert , serving as SVP & Chief Accounting Officer and filing as an officer.

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

MGM Resorts International (MGM) reported insider transactions by Todd Meinert, SVP & Chief Accounting Officer. The filing shows grants and vesting of restricted stock units (RSUs) and a small open-market sale. On 10/06/2025 Mr. Meinert was granted 5,639 RSUs that vest annually in three equal installments beginning on the first anniversary; each RSU converts to one share on vesting. On 10/07/2025 there was a deemed issuance of 1,379 shares (code M) and a sale of 336 shares at $33.12, leaving 25,369 shares beneficially owned after the reported transactions. The RSU grants carry a $0 purchase price and standard multi-year vesting, aligning executive compensation with long-term equity performance.

Positive

5,639 RSUs granted with multi-year vesting aligns executive incentives to long-term shareholder value
RSUs issued at $0 indicate retention/performance awards rather than cash purchases
Insider retains substantial ownership with 25,369 shares beneficially owned after transactions

Negative

336 shares sold at $33.12, a small insider disposition that may prompt governance monitoring
RSU vesting extends through 2028, creating future potential dilution over multiple years

Insights

RSU grant ties senior accounting officer pay to long-term equity performance.

The 5,639 RSU grant is structured to vest in three equal annual installments, which phases equity recognition and encourages retention through 10/06/2028. Each RSU converts to one share at vesting and was issued at $0, which is standard for performance/retention awards under an omnibus plan.

This award increases potential dilution modestly but has a clear retention design; monitor annual vesting tranches over the next three years and outstanding share count changes if many executives receive similar awards.

Reported small sale and deemed issuances are routine and disclose no unusual trading pattern.

The report records a 336-share sale at $33.12 and deemed issuance of 1,379 shares on 10/07/2025. The filing indicates individual reporting and includes a signature by an attorney-in-fact, consistent with common Section 16 disclosures.

Investors concerned with insider selling should note the sale size relative to total beneficial ownership (25,369 shares) is small; governance monitors may check whether the sale aligns with any disclosed 10b5-1 plan or routine tax-withholding on RSU vesting.

Insider Trade Summary

1,379 shares exercised/converted

Mixed 4 txns

Insider Meinert Todd

Role SVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,379	$0.00	--
Exercise	Common Stock $.01 Par Value ND	1,379	$0.00	--
Tax Withholding	Common Stock $.01 Par Value ND	336	$33.12	$11K
Grant/Award	Restricted Stock Units	5,639	$0.00	--

Holdings After Transaction: Restricted Stock Units — 2,758 shares (Direct); Common Stock $.01 Par Value ND — 25,705 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

10/08/2025 - 05:31 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Meinert Todd

(Last)

(First)

(Middle)

3600 LAS VEGAS BLVD. SOUTH

(Street)

LAS VEGAS

89109

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MGM Resorts International [ MGM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock $.01 Par Value ND	10/07/2025		M		1,379	A	$0	25,705	D
Common Stock $.01 Par Value ND	10/07/2025		F		336	D	$33.12	25,369	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	10/06/2025		A		5,639		10/06/2026	10/06/2028	Common Stock $.01 Par Value ND	5,639	$0	5,639	D
Restricted Stock Units	⁽¹⁾	10/07/2025		M			1,379	10/07/2025	10/07/2027	Common Stock $.01 Par Value ND	1,379	$0	2,758	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan (the "Plan"). Each RSU represents the right to receive, following vesting, one share of Company common stock. The RSUs vest in three equal annual installments commencing on the first anniversary of the grant date.

	/s/ Jessica Cunningham, Attorney-In-Fact	10/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Todd Meinert report on the Form 4 for MGM (MGM)?

Todd Meinert reported a 5,639 RSU grant (10/06/2025), a deemed issuance of 1,379 shares (10/07/2025), and a sale of 336 shares at $33.12 (10/07/2025).

How do the RSUs granted to the officer vest?

The 5,639 RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, converting to one share per RSU upon vesting.

What is the reporting person’s title and relationship to MGM?

The reporting person is Todd Meinert, serving as SVP & Chief Accounting Officer and filing as an officer.

How many shares does the reporting person beneficially own after these transactions?

Following the reported transactions, the reporting person beneficially owns 25,369 shares.

Were the RSUs issued at a cost to the reporting person?

No; the RSUs were issued at a $0 price and represent rights to receive shares on vesting under the 2022 Omnibus Incentive Plan.