MGM Resorts Chief Legal & Admin Officer Reports Annual RSU Grant and Routine Vesting

Executive Summary

On October 7, 2026, MGM Resorts International ($MGM) filed a Form 4 for John McManus, the company's Chief Legal, Administrative Officer and Secretary. The filing reflects routine executive compensation activities consisting of:

1. An annual grant of 41,432 Restricted Stock Units (RSUs) on October 5, 2026.
2. The settlement of 11,055 previously granted RSUs into common stock on October 6, 2026.
3. The withholding of 4,351 common shares at $30.54 per share to cover associated tax liabilities.

Transaction Breakdown

• Derivative Grant (Code A): 41,432 RSUs granted under the 2022 Omnibus Incentive Plan, vesting in three equal annual installments starting on October 5, 2027.
• Derivative Exercise / Settlement (Code M): 11,055 RSUs vested and converted into common shares on a 1-for-1 basis at $0.00.
• Tax Withholding (Code F): 4,351 shares were disposed of at $30.54 per share (aggregate value of $132,879.54) to cover withholding taxes triggered by the vesting.

Post-Transaction Holdings

Following these reported transactions:

• Direct Common Stock Holdings: 89,791 shares.
• Unvested RSUs Remaining: 22,112 units under the vesting grant, alongside the newly issued 41,432 RSUs.

Market & Governance Implications

• Trading Significance: Low. The disposition of shares was entirely tax-related rather than a discretionary open-market sale.
• Alignment: The new award of 41,432 RSUs reinforces ongoing retention and equity alignment over a multi-year horizon.