MGM (NYSE: MGM) director Paul J. Salem receives 2,039 Deferred Stock Units
Rhea-AI Filing Summary
SALEM PAUL J reported acquisition or exercise transactions in this Form 4 filing.
MGM Resorts International director Paul J. Salem received a routine equity-based compensation award. On June 30, he was granted 2,039.3223 Deferred Stock Units (DSUs) at an implied price of $47.81 per unit, each DSU economically matching one share of MGM common stock and payable after his board service ends.
Following this grant, Salem directly holds 126,916.2647 DSUs and indirectly holds 1,702,500 shares of MGM common stock in trust. The filing shows no open-market purchases or sales, only this compensation-related DSU award and an updated indirect common stock holding.
Positive
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Insights
Filing shows routine DSU grant to an MGM director, with no share sales.
The Form 4 reports that director Paul J. Salem received 2,039.3223 Deferred Stock Units at an implied price of $47.81 each. These DSUs track the value of MGM common stock and are payable after his service as a director ends.
After this award, Salem directly holds 126,916.2647 DSUs and indirectly holds 1,702,500 common shares in trust. The filing contains no open-market buys or sells, so this appears as standard board compensation rather than a signal about his short-term view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 2,039.3223 | $47.81 | $97K |
| holding | Common Stock $.01 Par Value ND | -- | -- | -- |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
Deferred Stock Units financial
Deferred Compensation Plan for Non-Employee Directors financial
economic equivalent financial
In trust financial
FAQ
What did MGM (MGM) director Paul J. Salem report in this Form 4?
How many Deferred Stock Units does Paul J. Salem now hold at MGM (MGM)?
What was the size and price of the new Deferred Stock Unit grant at MGM (MGM)?
Did Paul J. Salem buy or sell MGM (MGM) common stock in this Form 4?
When do Paul J. Salem’s MGM (MGM) Deferred Stock Units become payable?
AI-generated analysis. How Rhea-AI works. Not financial advice.