MGM director granted 6,298 RSUs, exercises units
MGM Resorts International director Winston Ben reported equity award activity and option-like conversions.
Rhea-AI Filing Summary
MGM Resorts International director Winston Ben reported equity award activity and option-like conversions. On May 7, 2026, he received 6,298 Restricted Stock Units (RSUs) under the company’s 2022 Omnibus Incentive Plan, each convertible into one share of common stock after vesting.
The new RSUs will vest on the earlier of May 7, 2027 or the company’s next annual stockholder meeting, subject to plan and award terms. On May 6, 2026, Ben also exercised or converted previously granted RSUs and Deferred Stock Units into 10,012 shares of common stock at a stated price of $0.00 per share, leaving him with 12,877 common shares directly held and 4,389 Deferred Stock Units outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,012 shares exercised/converted
Exercise
5 txns
Insider
Winston Ben
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,298 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,338 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,337 | $0.00 | $0.00 |
| Exercise | Deferred Stock Units | 3,337 | $0.00 | $0.00 |
| Exercise | Common Stock $.01 Par Value ND | 3,338 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 4,389 contracts (Direct);
Restricted Stock Units — 6,298 contracts (Direct);
Common Stock $.01 Par Value ND — 12,877 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. The RSUs vested on May 6, 2026, pursuant to the terms of the Plan and applicable award agreement.
- F3. 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.
- F4. 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
RSUs granted: 6,298 units
Units exercised/converted: 10,012 units
Exercise/conversion price: $0.00 per share
+3 more
6 metrics
RSUs granted
6,298 units
Restricted Stock Units granted on May 7, 2026 under 2022 Omnibus Incentive Plan
Units exercised/converted
10,012 units
Total derivative exercises or conversions on May 6, 2026
Exercise/conversion price
$0.00 per share
Stated price for RSU and DSU conversions
Common shares held after
12,877 shares
Direct MGM common stock holdings after May 6, 2026 transactions
Deferred Stock Units after
4,389 units
Deferred Stock Units outstanding following conversions
New RSU vesting date
May 7, 2027
RSUs vest earlier of May 7, 2027 or next annual meeting
Key Terms
Restricted Stock Units, Deferred Stock Units, 2022 Omnibus Incentive Plan, 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.
2022 Omnibus Incentive Plan financial
"RSUs granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan (the "Plan")."
Deferred Compensation Plan for Non-Employee Directors financial
"Deferred Stock Units ("DSUs") under the MGM Resorts International (the "Company") Deferred Compensation Plan for Non-Employee Directors."
vest financial
"The RSUs vested on May 6, 2026, pursuant to the terms of the Plan and applicable award agreement."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What equity awards did MGM (MGM) director Winston Ben receive in this Form 4?
MGM director Winston Ben received a grant of 6,298 Restricted Stock Units. Each RSU represents one share of MGM common stock upon vesting under the 2022 Omnibus Incentive Plan, providing stock-based compensation rather than cash.
When do Winston Ben’s new MGM (MGM) RSUs vest according to the filing?
The new RSUs vest on the earlier of May 7, 2027 or the date of MGM’s next annual meeting. Vesting is also subject to the terms of the company’s 2022 Omnibus Incentive Plan and the applicable award agreement.
How many MGM (MGM) units did Winston Ben convert into common stock?
On May 6, 2026, Winston Ben exercised or converted a total of 10,012 units into MGM common stock. These transactions involved Restricted Stock Units and Deferred Stock Units with a stated exercise or conversion price of $0.00 per unit.
What are MGM (MGM) Deferred Stock Units mentioned in Winston Ben’s Form 4?
Deferred Stock Units are awards under MGM’s Deferred Compensation Plan for Non-Employee Directors. Each unit is economically equivalent to one MGM common share and becomes payable when the director’s service on the board ends, rather than immediately upon grant.
What is the exercise price for Winston Ben’s MGM (MGM) equity conversions?
The Form 4 shows an exercise or conversion price of $0.00 per share for the reported RSU and Deferred Stock Unit conversions. This reflects stock-based compensation rather than open-market purchases funded with cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
