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Melco Resorts (MLCO) CEO Lawrence Ho receives 4.69M restricted share award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HO LAWRENCE YAU LUNG reported acquisition or exercise transactions in this Form 4 filing.

Melco Resorts & Entertainment LTD Chief Executive Officer Lawrence Ho reported an equity compensation grant and updated holdings. On May 8, 2026, he received 4,692,735 restricted ordinary shares at $0.00 per share as a grant under the company’s 2021 Share Incentive Plan.

These restricted shares vest in three equal installments over 12, 24, and 36 months from the grant date, subject to continued service. Following this grant, Ho directly holds 25,302,747 ordinary shares. He also has indirect holdings through corporate entities, including 9,934,422 and 687,360,906 ordinary shares reported as owned by corporations associated with him.

Positive

  • None.

Negative

  • None.

Insights

CEO receives a large time-vested share grant, with no open-market buying or selling.

The filing shows Lawrence Ho receiving 4,692,735 restricted ordinary shares as compensation under the 2021 Share Incentive Plan at a grant price of $0.00. This is a non-cash award, typical for senior executives, and classified as an acquisition rather than an open-market purchase.

The award vests in three equal tranches over 12, 24, and 36 months, conditioned on continued service. That structure encourages retention and aligns part of Ho’s pay with future company performance. The filing also records substantial existing direct and indirect shareholdings, indicating a large pre‑existing equity stake.

Insider HO LAWRENCE YAU LUNG
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Ordinary shares 4,692,735 $0.00 --
holding Ordinary shares -- -- --
holding Ordinary shares -- -- --
Holdings After Transaction: Ordinary shares — 25,302,747 shares (Direct, null); Ordinary shares — 687,360,906 shares (Indirect, By Corporation)
Footnotes (1)
  1. Consists of restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan, which are delivered on vesting of the shares. Of such shares, one-third vest 12 months from the grant date, one-third vest 24 months from the grant date, and one-third vest 36 months from the grant date, conditioned on, inter alia, continued service through the applicable vesting date. Ordinary shares owned of record by Melco Leisure and Entertainment Group Limited, which is a wholly-owned subsidiary of Melco International Development Limited ("Melco International"). Mr. Ho personally holds 36,606,126 ordinary shares of Melco International. Mr. Ho is deemed to be interested in an aggregate of 1,359,666,283 ordinary shares of Melco International under the Securities and Futures Ordinance of the Laws of Hong Kong, including (i) an aggregate of 884,536,660 ordinary shares of Melco International held by companies owned or controlled by persons and/or trusts associated with Mr. Ho, (ii) an aggregate of 470,917,521 ordinary shares of Melco International held by companies which are controlled by discretionary family trusts in which Mr. Ho is one of the beneficiaries, and (iii) 4,212,102 ordinary shares of Melco International held by his spouse. Ordinary shares owned of record by Black Spade Capital Limited, which in turn are held by companies owned by a trust associated with Mr. Ho.
Restricted share grant 4,692,735 ordinary shares Grant on May 8, 2026 under 2021 Share Incentive Plan
Grant price $0.00 per share Price for 4,692,735 restricted shares granted to CEO
Direct holdings after grant 25,302,747 ordinary shares Total direct shares following the Form 4 transactions
Indirect corporate holding 1 9,934,422 ordinary shares Indirect ownership classified as By Corporation
Indirect corporate holding 2 687,360,906 ordinary shares Indirect ownership classified as By Corporation
Vesting year 1 One-third of grant Vests 12 months from the May 8, 2026 grant date
Vesting year 2 One-third of grant Vests 24 months from the May 8, 2026 grant date
Vesting year 3 One-third of grant Vests 36 months from the May 8, 2026 grant date
restricted shares financial
"Consists of restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
2021 Share Incentive Plan financial
"restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan"
vesting financial
"one-third vest 12 months from the grant date, one-third vest 24 months from the grant date, and one-third vest 36 months"
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.
By Corporation financial
"direct_or_indirect: I, nature_of_ownership: By Corporation"
discretionary family trusts financial
"held by companies which are controlled by discretionary family trusts in which Mr. Ho is one of the beneficiaries"
Securities and Futures Ordinance regulatory
"deemed to be interested in an aggregate of 1,359,666,283 ordinary shares of Melco International under the Securities and Futures Ordinance"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HO LAWRENCE YAU LUNG
(Last)(First)(Middle)
C/O MELCO RESORTS & ENTERTAINMENT
LIMITED 71 ROBINSON ROAD #04-03
(Street)
SINGAPORESINGAPORE068895
(City)(State)(Zip)
SINGAPORE
(Country)		2. Issuer Name and Ticker or Trading Symbol
Melco Resorts & Entertainment LTD [ MLCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary shares05/08/2026A(1)4,692,735A$025,302,747D
Ordinary shares687,360,906IBy Corporation(2)
Ordinary shares9,934,422IBy Corporation(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of restricted shares granted to the Reporting Person pursuant to the Company's 2021 Share Incentive Plan, which are delivered on vesting of the shares. Of such shares, one-third vest 12 months from the grant date, one-third vest 24 months from the grant date, and one-third vest 36 months from the grant date, conditioned on, inter alia, continued service through the applicable vesting date.
2. Ordinary shares owned of record by Melco Leisure and Entertainment Group Limited, which is a wholly-owned subsidiary of Melco International Development Limited ("Melco International"). Mr. Ho personally holds 36,606,126 ordinary shares of Melco International. Mr. Ho is deemed to be interested in an aggregate of 1,359,666,283 ordinary shares of Melco International under the Securities and Futures Ordinance of the Laws of Hong Kong, including (i) an aggregate of 884,536,660 ordinary shares of Melco International held by companies owned or controlled by persons and/or trusts associated with Mr. Ho, (ii) an aggregate of 470,917,521 ordinary shares of Melco International held by companies which are controlled by discretionary family trusts in which Mr. Ho is one of the beneficiaries, and (iii) 4,212,102 ordinary shares of Melco International held by his spouse.
3. Ordinary shares owned of record by Black Spade Capital Limited, which in turn are held by companies owned by a trust associated with Mr. Ho.
/s/ Tim Y. Sung, attorney-in-fact for Ho, Lawrence Yau Lung05/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Melco Resorts (MLCO) CEO Lawrence Ho report in this Form 4?

Lawrence Ho reported receiving a large restricted share grant. The filing shows an award of 4,692,735 restricted ordinary shares at $0.00 per share under Melco’s 2021 Share Incentive Plan, plus updated totals for his direct and indirect shareholdings.

How many Melco Resorts (MLCO) shares were granted to the CEO?

The CEO was granted 4,692,735 restricted ordinary shares. These shares were awarded on May 8, 2026 at a grant price of $0.00 per share as equity compensation, increasing his directly held ordinary shares to 25,302,747 after the grant.

What is the vesting schedule for Lawrence Ho’s new Melco (MLCO) restricted shares?

The restricted shares vest over three years in equal parts. One‑third of the 4,692,735 shares vests 12 months after the grant date, one‑third after 24 months, and the final third after 36 months, subject to continued service through each vesting date.

Did the Melco Resorts (MLCO) CEO buy or sell shares on the market?

The filing does not show any open-market buys or sells. It records an acquisition coded as a grant or award of 4,692,735 restricted shares at $0.00, plus holding entries for large indirect positions, but no purchases or sales at a market price.

What are Lawrence Ho’s Melco Resorts (MLCO) direct holdings after this grant?

After the grant, his direct holdings are 25,302,747 ordinary shares. This total reflects the addition of 4,692,735 restricted shares awarded on May 8, 2026, as reported in the Form 4, and excludes his separately reported indirect corporate holdings.

What indirect Melco Resorts (MLCO) holdings are reported for Lawrence Ho?

The Form 4 reports large indirect corporate holdings. It lists 9,934,422 ordinary shares and 687,360,906 ordinary shares held "By Corporation," reflecting positions owned of record by entities associated with Ho, rather than in his own name.