Melco Resorts (NASDAQ: MLCO) director receives 97,767 restricted shares award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TSUI YIU WA ALEC reported acquisition or exercise transactions in this Form 4 filing.
Melco Resorts & Entertainment LTD director Alec Tsui received a grant of 97,767 restricted ordinary shares as equity compensation at $0.00 per share. These shares were granted under the company’s 2021 Share Incentive Plan and vest in three equal installments after 12, 24, and 36 months, subject to continued service. Following this award, he directly holds 682,862 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TSUI YIU WA ALEC
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary shares | 97,767 | $0.00 | -- |
Holdings After Transaction:
Ordinary shares — 682,862 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 97,767 shares
Grant price: $0.00 per share
Shares held after transaction: 682,862 shares
+3 more
6 metrics
Restricted shares granted
97,767 shares
Equity award on 2026-05-08 under 2021 Share Incentive Plan
Grant price
$0.00 per share
Compensation grant of ordinary shares
Shares held after transaction
682,862 shares
Director’s direct ownership following the award
First vesting tranche
One-third of 97,767 shares
Vests 12 months from grant date, subject to continued service
Second vesting tranche
One-third of 97,767 shares
Vests 24 months from grant date, subject to continued service
Third vesting tranche
One-third of 97,767 shares
Vests 36 months from grant date, subject to continued service
Key Terms
restricted shares, 2021 Share Incentive Plan, vesting, grant date, +1 more
5 terms
vesting financial
"which are delivered on vesting of the shares"
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.
continued service financial
"conditioned on, inter alia, continued service through the applicable vesting date"
FAQ
What did Melco Resorts (MLCO) director Alec Tsui report on this Form 4?
Director Alec Tsui reported receiving 97,767 restricted ordinary shares as an equity award. The grant was made at $0.00 per share under Melco Resorts’ 2021 Share Incentive Plan, increasing his direct holdings to 682,862 ordinary shares after the transaction.
Is the Melco Resorts (MLCO) Form 4 transaction a stock purchase or sale?
The Form 4 transaction is an equity award, not a market purchase or sale. Tsui acquired 97,767 restricted shares at $0.00 per share as compensation, granted under the company’s 2021 Share Incentive Plan, subject to future vesting conditions.