MGM (NYSE: MGM) CFO gets 6,083 shares, withholds some for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGM Resorts International chief financial officer Jonathan S. Halkyard reported equity award activity involving restricted stock units (RSUs). On February 23 and 24, RSUs granted under company incentive plans were converted into a total of 6,083 shares of common stock at no cash exercise price. To cover tax obligations on these vestings, a total of 1,776 shares of common stock were withheld and disposed of at prices of $34.25 and $35.05 per share. After these transactions, Halkyard directly held 118,797 shares of MGM common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,083 shares exercised/converted
Mixed
6 txns
Insider
Halkyard Jonathan S
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,909 | $0.00 | -- |
| Exercise | Common Stock $.01 Par Value ND | 2,909 | $0.00 | -- |
| Tax Withholding | Common Stock $.01 Par Value ND | 1,077 | $35.05 | $38K |
| Exercise | Restricted Stock Units | 3,174 | $0.00 | -- |
| Exercise | Common Stock $.01 Par Value ND | 3,174 | $0.00 | -- |
| Tax Withholding | Common Stock $.01 Par Value ND | 699 | $34.25 | $24K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock $.01 Par Value ND — 119,874 shares (Direct)
Footnotes (1)
- Restricted Stock Units (RSUs) granted under the MGM Resorts International (Company) 2022 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Company common stock. Any fractional shares are paid in cash upon settlement. The RSUs are fully vested. Delivery of shares is made in four equal annual installments commencing on the first anniversary of the grant date. RSUs granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive one share of Common Stock.
FAQ
What did MGM (MGM) CFO Jonathan Halkyard report in this Form 4?
MGM CFO Jonathan Halkyard reported RSU conversions into common stock and related tax-withholding share dispositions. He acquired 6,083 shares through RSU vesting and had 1,776 shares withheld to satisfy tax obligations tied to those equity awards.
Were the MGM (MGM) transactions open-market buys or sells?
The transactions were not open-market buys or discretionary sells. Shares were acquired through RSU exercises at a zero exercise price, and shares were disposed of solely to cover tax liabilities associated with those equity award settlements.
Which incentive plans governed the MGM (MGM) RSU awards for the CFO?
The RSUs were granted under MGM Resorts International’s 2022 Omnibus Incentive Plan and its Amended and Restated 2005 Omnibus Incentive Plan. Each RSU entitles the holder to receive one share of MGM common stock upon settlement under plan terms.