Melco Resorts (MLCO) CFO discloses 3.5M-share stake with major restricted awards
Rhea-AI Filing Summary
Melco Resorts & Entertainment Limited’s Chief Financial Officer Geoffrey Stuart Davis filed an initial ownership report showing direct holdings of 3,504,507 ordinary shares. This establishes his starting equity position as an insider.
The holding includes 1,379,130 restricted shares granted under the company’s 2021 Share Incentive Plan. These restricted shares are delivered only as they vest, and vesting is conditioned in part on Mr. Davis continuing in service through each applicable vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIS GEOFFREY STUART
Role
Chief Financial Officer
| 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 — 3,504,507 shares (Direct)
Footnotes (1)
- F1. Includes 1,379,130 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Melco Resorts (MLCO) Form 3 filing by CFO Geoffrey Davis show?
The Form 3 shows CFO Geoffrey Davis directly holds 3,504,507 Melco Resorts ordinary shares. This is an initial ownership report, establishing his insider equity stake, including both fully owned and restricted shares granted as part of his compensation package.