Melco (MLCO) director Thomas Jefferson Wu receives 97,767 restricted shares award
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 97,767 shares
Net Buy
1 txn
Insider
WU THOMAS JEFFERSON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary shares | 97,767 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary shares — 896,342 shares (Direct)
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
Restricted shares granted: 97,767 shares
Total shares after grant: 896,342 shares
Grant price per share: $0.00 per share
+3 more
6 metrics
Restricted shares granted
97,767 shares
Equity award on May 8, 2026
Total shares after grant
896,342 shares
Direct holdings following reported transaction
Grant price per share
$0.00 per share
Restricted share grant under 2021 Share Incentive Plan
Vesting schedule year 1
1/3 of award
Vests 12 months from grant date
Vesting schedule year 2
1/3 of award
Vests 24 months from grant date
Vesting schedule year 3
1/3 of award
Vests 36 months from grant date
Key Terms
restricted shares, 2021 Share Incentive Plan, vesting, continued service
4 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.
continued service financial
"conditioned on, inter alia, continued service through the applicable vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MLCO director Thomas Jefferson Wu report?
Thomas Jefferson Wu reported receiving 97,767 restricted ordinary shares of Melco Resorts & Entertainment LTD. The shares were granted as an equity award under the company’s 2021 Share Incentive Plan and involve no cash purchase by Wu.