MGM Resorts (NYSE: MGM) director adds RSUs and converts DSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MGM Resorts International director Keith A. Meister reported equity compensation and related conversions, with no open-market trades. On May 7, 2026, he received a grant of 6,298 Restricted Stock Units (RSUs) under the company’s 2022 Omnibus Incentive Plan, each RSU representing one future share of common stock after vesting. These RSUs vest on the earlier of May 7, 2027 or the company’s next annual stockholder meeting, subject to plan terms.
On May 6, 2026, he exercised 6,675 RSUs, converting them into an equal number of Deferred Stock Units (DSUs) under the Deferred Compensation Plan for Non-Employee Directors. Following these transactions, he directly holds 6,298 RSUs and 69,641.4963 DSUs, which are economically equivalent to the same number of common shares and become payable when his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,350 shares exercised/converted
Mixed
3 txns
Insider
Meister Keith A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,298 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,675 | $0.00 | -- |
| Exercise | Deferred Stock Units | 6,675 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,298 shares (Direct, null);
Deferred Stock Units — 69,641.496 shares (Direct, null)
Footnotes (1)
- 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. The RSUs vested on May 6, 2026, pursuant to the terms of the Plan and applicable award agreement. 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. 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
RSU grant size: 6,298 RSUs
RSUs converted to DSUs: 6,675 units
DSU holdings after transaction: 69,641.4963 DSUs
+2 more
5 metrics
RSU grant size
6,298 RSUs
Grant on May 7, 2026 under 2022 Omnibus Incentive Plan
RSUs converted to DSUs
6,675 units
RSUs exercised and converted on May 6, 2026
DSU holdings after transaction
69,641.4963 DSUs
Deferred Stock Units directly held after May 6, 2026
Total derivative exercises
13,350 units
Aggregate RSUs exercised in derivative transactions reported
RSU vesting date
May 7, 2027
Latest possible vesting date for 6,298 new RSUs
Key Terms
Restricted Stock Units, Deferred Stock Units, Deferred Compensation Plan for Non-Employee Directors, 2022 Omnibus Incentive Plan
4 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"
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.
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"
2022 Omnibus Incentive Plan financial
"RSUs granted under the MGM Resorts International ("Company") 2022 Omnibus Incentive Plan (the "Plan")"
FAQ
What did Keith A. Meister report in this MGM (MGM) Form 4 filing?
Keith A. Meister reported equity compensation-related activity, including a grant of 6,298 Restricted Stock Units and the exercise of 6,675 RSUs into Deferred Stock Units. The filing shows no open-market share purchases or sales, only board compensation and deferral elections.
How many Restricted Stock Units did Keith A. Meister receive from MGM (MGM)?
He received a grant of 6,298 Restricted Stock Units (RSUs) on May 7, 2026. Each RSU represents the right to receive one share of MGM Resorts International common stock after vesting, under the company’s 2022 Omnibus Incentive Plan and the applicable award agreement.
When do Keith A. Meister’s newly granted MGM (MGM) RSUs vest?
The new 6,298 RSUs will vest on the earlier of May 7, 2027 or the date of MGM Resorts International’s next annual meeting of stockholders. Vesting remains subject to the terms of the 2022 Omnibus Incentive Plan and the related award agreement.
What happened to the 6,675 MGM (MGM) RSUs exercised by Keith A. Meister?
On May 6, 2026, he exercised 6,675 RSUs, converting them into 6,675 Deferred Stock Units (DSUs). Each DSU is economically equivalent to one share of MGM common stock and becomes payable when he terminates service as a non-employee director.
How many MGM (MGM) Deferred Stock Units does Keith A. Meister hold after these transactions?
Following the May 6, 2026 conversion, he directly holds 69,641.4963 Deferred Stock Units. These DSUs track the value of MGM Resorts International common stock and are payable in connection with his eventual termination of service as a director, under the deferred compensation plan.