Melco Resorts (MLCO) director discloses 407,892 ordinary shares held
Rhea-AI Filing Summary
Melco Resorts & Entertainment Limited director Francesca Galante filed an initial ownership report showing 407,892 ordinary shares held directly. This includes 191,085 restricted shares granted under the company’s 2021 Share Incentive Plan, which are delivered only as they vest with continued service.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GALANTE FRANCESCA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares, par value US$0.01 per ordinary share | -- | -- | -- |
Holdings After Transaction:
Ordinary shares, par value US$0.01 per ordinary share — 407,892 shares (Direct)
Footnotes (1)
- F1. Includes 191,085 restricted shares, par value US$0.01 per share, of Melco Resorts & Entertainment Limited (the "Company") granted to the reporting person pursuant to the Company's 2021 Share Incentive Plan, which are delivered on vesting of the shares. Vesting is conditioned on, inter alia, continued service through the applicable vesting date.
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FAQ
What does the Melco Resorts (MLCO) Form 3 filing by Francesca Galante show?
The Form 3 shows director Francesca Galante directly holding 407,892 ordinary shares of Melco Resorts & Entertainment Limited, establishing her initial reported ownership position as a company insider under SEC rules.
What type of security does the Melco Resorts (MLCO) Form 3 for Francesca Galante cover?
The Form 3 covers ordinary shares of Melco Resorts & Entertainment Limited, each with a par value of US$0.01 per share. All 407,892 reported shares, including restricted shares, are this same class of ordinary equity security.