Mgm Resorts SEC Filings

Insider transactions by Gary M. Fritz at MGM Resorts International (MGM) show multiple equity changes on 10/03/2025. Mr. Fritz received shares from vesting equity awards and sold portions the same day. Performance Share Units (PSUs) granted on 10/03/2022 converted into shares at a formulaic payout, producing 35,129.42456 PSUs that yielded 30,310 shares (0.8628210 shares per PSU) based on relative stock performance and an ending average price compared to a $41.83 target price. Other PSUs tied to three‑year TSR awarded 22,419 shares. Restricted Stock Units (RSUs) also vested and 12,252 RSUs were reported as vested/issued. Offsetting these issuances, several sales under code F show dispositions at $33.93, including 4,893, 12,103, and 8,952 shares. The net effect increased beneficial ownership to 123,280 shares at the end of the reported transactions.

Officer transaction summary: An MGM Resorts International officer, Corey Ian Sanders, reported equity transactions on 10/02/2025. The filing shows 10,193 restricted stock units (RSUs) treated as acquired under code M and converted into 10,193 shares of common stock, recorded with a zero price per share. The report also lists a sale of 4,011 shares at $34.75 and indicates beneficial ownership of 281,530 shares held indirectly via a CIS Trust.

The RSUs vest in four equal annual installments starting on the first anniversary of the grant, and the reported transactions leave the reporting person with 20,386 directly owned shares after the RSU conversion. The form was signed by an attorney-in-fact on 10/06/2025.

MGM Resorts International (MGM) officer Todd Meinert reported equity transactions on 10/02/2025. He was granted 1,155 restricted stock units (RSUs) under the companys 2022 Omnibus Incentive Plan; each RSU converts to one share on vesting and the award vests in four equal annual installments starting on the first anniversary of the grant date. On the same date he sold 282 shares of common stock at a price of $34.75 per share. After these transactions he beneficially owns 19,456 shares (post-grant) as reported.

Insider transactions by John McManus at MGM Resorts International (MGM) show a mix of an award of restricted stock units and a partial sale of common shares. The filing reports 6,116 RSUs granted (each RSU converts to one share at vesting) recorded as an acquisition at a $0 price and shown as Code M. The reporting lines show a subsequent disposition of 2,407 shares sold at $34.75. Ownership totals moved from 37,637 shares to 35,230 shares following the sale. The RSUs vest in four equal annual installments beginning on the first anniversary of the grant, which creates a multi-year potential equity transfer to the reporting person.

Jonathan S. Halkyard, Chief Financial Officer of MGM Resorts International (MGM), reported changes in his beneficial ownership on 10/02/2025. He acquired 7,475 restricted stock units (RSUs) under the companys 2022 Omnibus Incentive Plan that vest in four equal annual installments beginning one year after grant. Those RSUs convert to shares at no cash price on vesting. Separately, he disposed of 2,942 shares at $34.75 each. After these transactions his reported beneficial ownership moved from 83,123 shares to 80,181 shares.

Insider transactions by MGM Resorts International officer Gary M. Fritz show a grant of 10,193 restricted stock units (RSUs) and a contemporaneous disposition of 4,071 common shares. The RSUs were granted under the 2022 Omnibus Incentive Plan and vest in four equal annual installments beginning on the first anniversary of the grant, meaning roughly 25% vests each year. The sale of 4,071 shares occurred at a reported price of $34.75 per share, leaving the reporting person with 75,295 shares after the transactions. The filing is signed by an attorney-in-fact on 10/06/2025.

Keith A. Meister, a director of MGM Resorts International (MGM), was granted 1,154.0681 Deferred Stock Units (DSUs) on 09/30/2025 under the company's Deferred Compensation Plan for Non‑Employee Directors. Each DSU equals one share of common stock and becomes payable when the director leaves service. The filing shows a grant price reference of $34.66 and reports total beneficial ownership of 60,789.5166 shares following the transaction. The Form 4 was signed by an attorney‑in‑fact on 10/02/2025. This report records a non‑derivative grant to a director rather than an open‑market purchase or sale, and the DSUs are intended as deferred compensation tied to future termination of service.

MGM Resorts International entered into employment agreements dated September 16, 2025 for senior executives described in this report. Jonathan S. Halkyard will serve as Chief Financial Officer and Treasurer under an agreement effective October 1, 2025 through September 30, 2029 with a minimum base salary of $1,250,000 and an annual target bonus of 150% of base salary. Amounts above 150% of target are payable in fully vested deferred restricted stock units (DRSUs) paid in three equal annual installments. Halkyard is eligible for annual equity grants targeted at $3,125,000 per year (50% performance share units, 50% restricted stock units). The agreement includes severance, death/disability pay, COBRA subsidy, confidentiality and a 12-month non-compete.

The filing also summarizes a separate Fritz employment agreement that provides a 175% target bonus, annual equity grants targeted at $4,500,000 per year, a grant of 25,000 restricted stock units on October 1, 2025, and two incentive opportunities including a $2,000,0000 payout tied to BetMGM Adjusted EBITDA and a $500,000 incentive for a digital launch. That agreement contains comparable severance, COBRA, confidentiality and a 12-month non-compete.

Insider sale reported: John McManus, Chief Legal and Secretary and officer of MGM Resorts International (MGM), reported the sale of 60,000 shares of MGM common stock on 09/15/2025 at a weighted-average price of $36.1195 per share. After the transactions, the reporting person beneficially owned 31,521 shares. The filing notes the shares were sold in multiple transactions at prices ranging from $36.03 to $36.18 and offers to provide a breakdown of quantities at each price upon request.