MGM Resorts International: Meinert receives 3,835 shares
The PSU settlement was based on 0.767495 shares for each of 4,998 units granted in 2023.
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Form Type
4
Rhea-AI Filing Summary
MGM Resorts International (MGM) reports that SVP & Chief Accounting Officer Todd Meinert acquired 1,155 common shares from restricted stock unit vesting and 3,835 common shares from performance share unit vesting on October 2, 2026. He acquired 1,389 common shares from restricted stock units on October 3, 2026.
The performance-unit vesting involved 4,998 units granted October 2, 2023, with 0.767495 shares issued per unit. On October 2, 282 and 934 shares, and on October 3, 339 shares, were delivered or withheld for payment of exercise price or tax liability; each transaction was recorded at $30.48 per share.
Insider Trade Summary
6,379 shares exercised/converted
Exercise
9 txns
Insider
Meinert Todd
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 1,389 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 1,389 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 339 | $30.48 | $10K |
| Exercise | Restricted Stock Units F2 | 1,155 | $0.00 | $0.00 |
| Exercise | Performance Share Units F3, F1 | 3,835 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 1,155 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 282 | $30.48 | $9K |
| Exercise | Common Stock $.01 Par Value ND F1 | 3,835 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock $.01 Par Value ND | 934 | $30.48 | $28K |
Holdings After Transaction:
Restricted Stock Units — 1,156 contracts (Direct);
Performance Share Units — 0 contracts (Direct);
Common Stock $.01 Par Value ND — 30,193 shares (Direct)
Footnotes (4)
- F1. Represents the vesting of 4,998 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 from PSU vesting: 3,835 shares
Common shares acquired from RSU vesting: 1,155 shares
Common shares acquired from RSUs: 1,389 shares
+5 more
8 metrics
Common shares acquired from PSU vesting
3,835 shares
October 2, 2026
Common shares acquired from RSU vesting
1,155 shares
October 2, 2026
Common shares acquired from RSUs
1,389 shares
October 3, 2026
Performance share units granted
4,998 PSUs
Granted October 2, 2023
Shares issued per PSU
0.767495 shares per PSU
PSU vesting
Shares delivered or withheld for payment of exercise price or tax liability
282 shares at $30.48 per share
October 2, 2026
Shares delivered or withheld for payment of exercise price or tax liability
934 shares at $30.48 per share
October 2, 2026
Shares delivered or withheld for payment of exercise price or tax liability
339 shares at $30.48 per share
October 3, 2026
Key Terms
Performance share units (PSUs), Restricted Stock Units (RSUs), Target Price, 2022 Omnibus Incentive Plan
4 terms
Restricted Stock Units (RSUs) financial
"Restricted Stock Units ("RSUs") granted under the"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
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 financial
"under the MGM Resorts International (Company) 2022 Omnibus Incentive Plan"
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