0001127602-23-023094.txt : 20230822
0001127602-23-023094.hdr.sgml : 20230822
20230822181530
ACCESSION NUMBER: 0001127602-23-023094
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230818
FILED AS OF DATE: 20230822
DATE AS OF CHANGE: 20230822
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McManus John
CENTRAL INDEX KEY: 0001440053
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10362
FILM NUMBER: 231194751
MAIL ADDRESS:
STREET 1: 3600 LAS VEGAS BLVD, S.
STREET 2: EXECUTIVE OFFICES
CITY: LAS VEGAS
STATE: NV
ZIP: 89119
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MGM Resorts International
CENTRAL INDEX KEY: 0000789570
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 880215232
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3600 LAS VEGAS BLVD S
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
BUSINESS PHONE: 702-693-7120
MAIL ADDRESS:
STREET 1: 3600 LAS VEGAS BLVD S.
CITY: LAS VEGAS
STATE: NV
ZIP: 89109
FORMER COMPANY:
FORMER CONFORMED NAME: MGM MIRAGE
DATE OF NAME CHANGE: 20000823
FORMER COMPANY:
FORMER CONFORMED NAME: MGM GRAND INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: GRAND NAME CO
DATE OF NAME CHANGE: 19870713
4
1
form4.xml
PRIMARY DOCUMENT
X0508
4
2023-08-18
0000789570
MGM Resorts International
MGM
0001440053
McManus John
3600 LAS VEGAS BLVD. SOUTH
LAS VEGAS
NV
89109
1
CHIEF LEGAL ADMIN OFC AND SECY
0
Common Stock $.01 Par Value ND
2023-08-18
4
M
0
8358
0
A
40641
D
Common Stock $.01 Par Value ND
2023-08-18
4
F
0
3290
42.54
D
37351
D
Common Stock $.01 Par Value ND
2023-08-18
4
A
0
33686
0
A
71037
D
Common Stock $.01 Par Value ND
2023-08-18
4
F
0
13256
42.54
D
57781
D
Common Stock $.01 Par Value ND
2023-08-18
4
A
0
31449
0
A
89230
D
Common Stock $.01 Par Value ND
2023-08-18
4
F
0
12376
42.54
D
76854
D
Restricted Stock Units
2023-08-18
4
M
0
8358
0
D
2021-08-18
2024-08-18
Common Stock $.01 Par Value ND
8358
8359
D
Represents the vesting of 21,054.07518 performance share units (PSUs) granted on August 18, 2020, under the MGM Resorts International (Company) Amended and Restated 2005 Omnibus Incentive Plan (Plan). Each PSU represented the right to receive between 0 and 1.6 shares of Company common stock depending upon the performance of the common stock from the grant date to the date that was three years after the grant date (Vesting Date), relative to a target price of $21.85 (the Target Price). The Target Price is equal to 125% of the average closing price of Company common stock over the 60-calendar day period ending on the grant date. The number of shares issued per PSU, 1.6 shares, was calculated by dividing the ending average stock price by the Target Price. For this purpose, the ending average stock price is the average closing price of Company common stock over the 60-day period ending on the Vesting Date, as adjusted to include dividends paid during the term of the PSU.
Represents the vesting of 20,966.01213 PSUs granted on August 18, 2020, under the Plan. The number of shares awarded at the end of the performance period was based upon the Company's three-year total shareholder return (TSR) compared to the TSRs of the constituents of the S&P 500 Index.
Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of Company common stock. Any fractional shares are paid in cash upon settlement.
/s/ Jessica Cunningham, Attorney-In-Fact
2023-08-22