Melco Resorts & Entertainment (MLCO) president awarded 4,629,888 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WINKLER EVAN ANDREW reported acquisition or exercise transactions in this Form 4 filing.
Melco Resorts & Entertainment LTD president Evan Andrew Winkler received a grant of 4,629,888 restricted ordinary shares as equity compensation. The shares were awarded at no cash cost to him and are structured to vest in stages over time.
According to the award terms, one-third of the restricted shares vest 12 months from the grant date, another third vest after 24 months, and the final third after 36 months, subject to continued service through each vesting date. Following this grant, Winkler directly holds 7,075,464 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WINKLER EVAN ANDREW
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary shares | 4,629,888 | $0.00 | -- |
Holdings After Transaction:
Ordinary shares — 7,075,464 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted share grant: 4,629,888 shares
Shares held after grant: 7,075,464 shares
Grant price per share: $0.0000 per share
+3 more
6 metrics
Restricted share grant
4,629,888 shares
Grant of restricted ordinary shares to president
Shares held after grant
7,075,464 shares
Total direct holdings following transaction
Grant price per share
$0.0000 per share
Stated acquisition price for restricted shares
First vesting tranche
One-third of grant
Vests 12 months from grant date
Second vesting tranche
One-third of grant
Vests 24 months from grant date
Third vesting tranche
One-third of grant
Vests 36 months from grant date
Key Terms
restricted shares, 2021 Share Incentive Plan, vesting, grant date
4 terms
vesting financial
"which are delivered on vesting of the shares. Of such shares, one-third vest 12 months from the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant date financial
"one-third vest 12 months from the grant date, one-third vest 24 months from the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.