MGM director receives new RSU grant and converts units
MGM Resorts International director Paul J. Salem reported equity-based compensation and related share movements.
Rhea-AI Filing Summary
MGM Resorts International director Paul J. Salem reported equity-based compensation and related share movements. He received a grant of 6,298 restricted stock units (RSUs) on May 7, 2026, each representing one future share of common stock upon vesting.
On May 6, 2026, 6,675 previously granted RSUs vested and were settled into common stock, and 6,675 deferred stock units (DSUs) were converted into common stock at no cash cost, bringing his direct common stock holdings to 124,876.9424 shares. A separate footnote discloses that 1,702,500 shares of common stock were transferred from direct ownership into a grantor retained annuity trust, which now holds those shares as an indirect position.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,350 shares exercised/converted
Exercise
4 txns
Insider
SALEM PAUL J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,298 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 6,675 | $0.00 | $0.00 |
| Exercise | Deferred Stock Units | 6,675 | $0.00 | $0.00 |
| holding | Common Stock $.01 Par Value ND | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 124,876.9424 contracts (Direct);
Restricted Stock Units — 6,298 contracts (Direct);
Common Stock $.01 Par Value ND — 1,702,500 shares (Indirect, In trust)
Footnotes (5)
- F1. On May 5, 2026, the Reporting Person transferred 1,702,500 shares of common stock from direct holdings to a grantor retained annuity trust.
- F2. 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.
- F3. The RSUs vested on May 6, 2026, pursuant to the terms of the Plan and applicable award agreement.
- F4. Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors. Each DSU is the economic equivalent of one share of Company common stock. The DSUs become payable upon the Reporting Person's termination of service as a Director.
- F5. The RSUs will vest upon the earlier of (i) May 7, 2027 or (ii) the date of the Company's next annual meeting of stockholders, in each case subject to the terms of the Plan and applicable award agreement.
Key Figures
New RSU grant: 6,298 units
RSUs settled: 6,675 units
DSUs converted: 6,675 units
+3 more
6 metrics
New RSU grant
6,298 units
Restricted Stock Units granted on May 7, 2026
RSUs settled
6,675 units
Previously granted RSUs vested and settled on May 6, 2026
DSUs converted
6,675 units
Deferred Stock Units converted into common stock on May 6, 2026
Direct common stock holding
124,876.9424 shares
Direct MGM common stock after reported transactions
Indirect trust holding
1,702,500 shares
Shares transferred into a grantor retained annuity trust on May 5, 2026
Derivative exercises
13,350 units
Total RSUs and DSUs exercised or converted (6,675 each)
Key Terms
Restricted Stock Units, Deferred Stock Units, grantor retained annuity trust, Deferred Compensation Plan for Non-Employee Directors, +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.
Deferred Stock Units financial
"Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
grantor retained annuity trust financial
"transferred 1,702,500 shares of common stock from direct holdings to a grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Deferred Compensation Plan for Non-Employee Directors financial
"Represents Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors"
2022 Omnibus Incentive Plan financial
"RSUs granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan (the "Plan")"
FAQ
What did MGM (MGM) director Paul J. Salem receive in this Form 4 filing?
Paul J. Salem received a grant of 6,298 restricted stock units. Each RSU represents one share of MGM common stock that he can receive after the units vest, subject to the company’s 2022 Omnibus Incentive Plan and the related award agreement.
What are the deferred stock units (DSUs) reported for MGM (MGM) director Paul J. Salem?
The filing describes deferred stock units under MGM’s Deferred Compensation Plan for Non-Employee Directors. Each DSU is economically equivalent to one share of common stock and becomes payable when Salem’s service as a director ends, providing stock-based compensation deferred until that time.
When will the newly granted RSUs to MGM (MGM) director Paul J. Salem vest?
The RSUs granted on May 7, 2026 will vest on the earlier of May 7, 2027 or the date of MGM’s next annual stockholder meeting. Vesting is subject to the terms of the 2022 Omnibus Incentive Plan and the applicable award agreement described in the footnotes.
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