MGM Resorts (MGM) director granted 1,096 deferred stock units in plan

Rhea-AI Filing Summary

MGM Resorts International reported an insider equity transaction by one of its directors. On 12/31/2025, the director acquired 1,096.1907 Deferred Stock Units (DSUs) under the company’s Deferred Compensation Plan for Non-Employee Directors at a reference price of $36.49 per unit. Each DSU is the economic equivalent of one share of MGM common stock and becomes payable when the director’s board service ends. Following this transaction, the director beneficially owned a total of 61,885.7073 DSUs, all held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Meister Keith A.

(Last) (First) (Middle)

C/O CORVEX MANAGEMENT LP 667 MADISON AVE

(Street)

NEW YORK NY 10065

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MGM Resorts International [ MGM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	12/31/2025		A		1,096.1907		(1)	(1)	Common Stock $.01 Par Value ND	1,096.1907	$36.49	61,885.7073	D

Explanation of Responses:

1. 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.

	/s/ Jessica Cunningham, Attorney-In-Fact	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did MGM (MGM) disclose in this Form 4?

A director of MGM Resorts International acquired 1,096.1907 Deferred Stock Units (DSUs) on 12/31/2025 under the company’s Deferred Compensation Plan for Non-Employee Directors.

What are Deferred Stock Units in the MGM (MGM) director transaction?

The filing states that each Deferred Stock Unit (DSU) is the economic equivalent of one share of MGM common stock and is granted under the company’s Deferred Compensation Plan for Non-Employee Directors.

When do the MGM (MGM) director’s DSUs become payable?

The DSUs become payable upon the reporting person’s termination of service as a Director of MGM Resorts International.

How many MGM-related DSUs does the director hold after this transaction?

After the reported transaction, the director beneficially owned 61,885.7073 Deferred Stock Units related to MGM common stock, held directly.

What was the reference price for the MGM (MGM) Deferred Stock Units granted?

The table shows a price of $36.49 for the Deferred Stock Units acquired on 12/31/2025, with each DSU tied to one share of MGM common stock.

Is the reporting person in the MGM (MGM) filing a director or officer?

The relationship section indicates the reporting person is a Director of MGM Resorts International, with the director box checked and no officer title provided.