MLCO director granted 97,767 restricted shares
WU THOMAS JEFFERSON reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
WU THOMAS JEFFERSON reported acquisition or exercise transactions in this Form 4 filing.
Melco Resorts & Entertainment LTD director Thomas Jefferson Wu reported an equity award of 97,767 ordinary shares. These are restricted shares granted at no cash cost to him, under the company's 2021 Share Incentive Plan, and will be delivered only as they vest over time.
According to the grant terms, one-third of the restricted shares vest 12 months from the grant date, another third vest after 24 months, and the final third vest after 36 months, all conditioned on continued service through each vesting date. Following this award, Wu holds 896,342 ordinary shares directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary shares | 97,767 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
vesting financial
continued service financial
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What insider transaction did MLCO director Thomas Jefferson Wu report?
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