MGM Resorts CEO William Hornbuckle Receives RSU Grant and Settles Vested Shares for Taxes
MGM Resorts International
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Filing Summary
# SEC Form 4 Alert: MGM Resorts International (MGM)
**Insider:** HORNBUCKLE WILLIAM (CEO AND PRESIDENT)
**Transaction Date:** 2026-10-06
**Type:** Tax Withholding (Code F) / RSU Vesting (Code M)
**Shares Withheld for Taxes:** 19,335 @ $30.54 (~$590,491)
**Direct Shares Owned After:** 107,153
**Indirect Shares Owned (In Trust):** 777,849
**Derivative Activity:** Granted 165,728 RSUs; 49,135 RSUs vested
**Significance:** Low (Routine equity award and tax withholding)
Comprehensive Analysis
Executive Summary
On October 7, 2026, MGM Resorts International (NYSE: MGM) filed a Form 4 on behalf of CEO and President William Hornbuckle reporting equity-based compensation transactions:
- RSU Grant (October 5, 2026): Received a grant of 165,728 Restricted Stock Units (RSUs) under the 2022 Omnibus Incentive Plan, vesting in three equal annual installments beginning October 5, 2027.
- RSU Vesting & Conversion (October 6, 2026): Converted 49,135 RSUs into 49,135 shares of common stock at $0.00.
- Tax Withholding (October 6, 2026): Disposed of 19,335 shares at $30.54 per share ($590,490.90 total) automatically withheld to satisfy withholding tax obligations upon vesting.
Ownership Structure
Following these transactions, William Hornbuckle directly holds:
- 107,153 shares of Common Stock directly
- 777,849 shares of Common Stock indirectly via trust
- 165,728 newly granted unvested RSUs (plus 98,271 remaining unvested RSUs from prior grants)
Trading Significance Assessment
This filing is rated Low significance. The disposition was not a discretionary open-market sale, but rather an automatic surrender of shares to cover tax obligations arising from RSU vesting. The insider continues to maintain substantial direct and trust ownership in the company.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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