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BALDWIN ROBERT

Disclosed activity across 1 company

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162407
SEC CIK
0001183311

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
MGM Resorts InternationalMGM · Entity 3508CHIEF CUSTOMER DEV OFFICERNovember 14, 2018November 17, 2018

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

MGM Resorts International

Report date November 14, 2018 · Filed November 17, 2018

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common Stock $.01 Par Value NDSEC Table I · non-derivativeDirect77,183 Ending reported balance After 2018-11-14 transaction · row 2
2 source rows · reconciled sequence

Row 1 · 2018-11-14 · Exercise / conversion · Acquired 4,943 · Balance 79,129

Row 2 · 2018-11-14 · Tax withholding · Disposed 1,946 · Balance 77,183

Restricted Stock UnitsSEC Table II · derivative / convertible security · Expires 2021-11-14Direct14,830 Reported balance After 2018-11-14 transaction · row 4 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 4 · 2018-11-14 · Exercise / conversion · Disposed 4,943 · Balance 14,830

F1: Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.

Common Stock $.01 Par Value NDSEC Table I · non-derivativeIndirectRobert H. Baldwin Trust205,300 Reported balance Holding disclosure · report date 2018-11-14 · row 3 Holding and transaction disclosures are not merged.
1 source row

Row 3 · Balance 205,300

Filing footnotes · ownership attribution and instrument terms

F1: Restricted Stock Units ("RSUs") granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. Any fractional shares were paid in cash upon settlement.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
October 06, 2017 Filed Oct 10, 2017 23:53 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 49,161 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-029689 · form4.xml · nonDerivative · entry 5

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 88,714

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Based on the average closing price of $32.2932 over the 60-calendar-day period ending on the Vesting Date, as adjusted to include accrued dividend equivalents, approximately 1.08367 shares were issued on the Vesting Date per Performance Share Unit ("PSU").

Read SEC document
October 06, 2017 Filed Oct 10, 2017 23:53 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 1,316 $30.81 $40,545.96
Disclosure

SEC source: 0001127602-17-029689 · form4.xml · nonDerivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,553

Read SEC document
October 06, 2017 Filed Oct 10, 2017 23:53 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 3,134 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-029689 · form4.xml · nonDerivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40,869

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 05, 2017 Filed Oct 10, 2017 23:53 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionRestricted Stock Units · Derivative 4,980 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-029689 · form4.xml · derivative · entry 10

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,960.0186

Underlying: Common Stock $.01 Par Value ND · 4,980 shares

Expires 2019-10-05

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the MGM Resorts International Amended and Restated 2005 Omnibus Incentive Plan. Each RSU represents the right to receive, following vesting, one share of common stock.

Read SEC document
October 05, 2017 Filed Oct 10, 2017 23:53 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 2,090 $30.90 $64,581.00
Disclosure

SEC source: 0001127602-17-029689 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,735

Read SEC document
October 05, 2017 Filed Oct 10, 2017 23:53 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 4,980 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-029689 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,825

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 03, 2017 Filed Oct 5, 2017 21:08 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionRestricted Stock Units · Derivative 3,860 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-029487 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,580.4455

Underlying: Common Stock $.01 Par Value ND · 3,860 shares

Expires 2020-10-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2017 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.

Read SEC document
October 03, 2017 Filed Oct 5, 2017 21:08 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 1,620 $30.85 $49,977.00
Disclosure

SEC source: 0001127602-17-029487 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,845

Read SEC document
October 03, 2017 Filed Oct 5, 2017 21:08 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 3,860 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-029487 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,465

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
September 15, 2017 Filed Sep 19, 2017 22:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 53.0268 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-027765 · form4.xml · derivative · entry 6

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,440.4455

Underlying: Common Stock $.01 Par Value ND · 53.0268 shares

Expires 2020-10-03

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
September 15, 2017 Filed Sep 19, 2017 22:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 51.3082 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-027765 · form4.xml · derivative · entry 5

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,940.0186

Underlying: Common Stock $.01 Par Value ND · 51.3082 shares

Expires 2019-10-05

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
September 15, 2017 Filed Sep 19, 2017 22:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 21.526 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-027765 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,267.9737

Underlying: Common Stock $.01 Par Value ND · 21.526 shares

Expires 2018-10-06

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
September 15, 2017 Filed Sep 19, 2017 22:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 11.5997 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-027765 · form4.xml · derivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,377.629

Underlying: Common Stock $.01 Par Value ND · 11.5997 shares

Expires 2017-10-07

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
September 11, 2017 Filed Sep 12, 2017 22:14 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionStock Appreciation Rights · Derivative 112,500 $0.00 Strike: $8.23 $0.00
Disclosure

SEC source: 0001127602-17-027347 · form4.xml · derivative · entry 5

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock $.01 Par Value ND · 112,500 shares

Expires 2018-10-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
September 11, 2017 Filed Sep 12, 2017 22:14 UTC MGM Resorts International MGM · Entity 3508 SaleCommon Stock $.01 Par Value ND 49,179 $33.13 $1,629,433.05
Disclosure

SEC source: 0001127602-17-027347 · form4.xml · nonDerivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,605

F1 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.02 to $33.28, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

Read SEC document
September 11, 2017 Filed Sep 12, 2017 22:14 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 63,321 $33.33 $2,110,488.93
Disclosure

SEC source: 0001127602-17-027347 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 81,784

Read SEC document
September 11, 2017 Filed Sep 12, 2017 22:14 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 112,500 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-027347 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 145,105

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
June 15, 2017 Filed Jun 19, 2017 23:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 51.7778 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-021823 · form4.xml · derivative · entry 6

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,387.4187

Underlying: Common Stock $.01 Par Value ND · 51.7778 shares

Expires 2020-10-03

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
June 15, 2017 Filed Jun 19, 2017 23:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 50.0997 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-021823 · form4.xml · derivative · entry 5

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,888.7104

Underlying: Common Stock $.01 Par Value ND · 50.0997 shares

Expires 2019-10-05

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
June 15, 2017 Filed Jun 19, 2017 23:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 21.0189 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-021823 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,246.4477

Underlying: Common Stock $.01 Par Value ND · 21.0189 shares

Expires 2018-10-06

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
June 15, 2017 Filed Jun 19, 2017 23:58 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 11.3265 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-021823 · form4.xml · derivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,366.0293

Underlying: Common Stock $.01 Par Value ND · 11.3265 shares

Expires 2017-10-07

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock and vest on the same dates and in the same relative proportions as the RSUs on which they accrue.

Read SEC document
March 15, 2017 Filed Mar 17, 2017 22:00 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 62.6409 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-012218 · form4.xml · derivative · entry 6

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,335.6409

Underlying: Common Stock $.01 Par Value ND · 62.6409 shares

Expires 2020-10-03

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock. The additional RSUs being reported reflect dividend equivalent rights at $26.82 per RSU credited to the reporting person's account on 3/15/2017.

Read SEC document
March 15, 2017 Filed Mar 17, 2017 22:00 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 60.6107 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-012218 · form4.xml · derivative · entry 5

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,838.6107

Underlying: Common Stock $.01 Par Value ND · 60.6107 shares

Expires 2019-10-05

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock. The additional RSUs being reported reflect dividend equivalent rights at $26.82 per RSU credited to the reporting person's account on 3/15/2017.

Read SEC document
March 15, 2017 Filed Mar 17, 2017 22:00 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 25.4288 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-012218 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,225.4288

Underlying: Common Stock $.01 Par Value ND · 25.4288 shares

Expires 2018-10-06

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock. The additional RSUs being reported reflect dividend equivalent rights at $26.82 per RSU credited to the reporting person's account on 3/15/2017.

Read SEC document
March 15, 2017 Filed Mar 17, 2017 22:00 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 13.7028 Not disclosed Not disclosed
Disclosure

SEC source: 0001127602-17-012218 · form4.xml · derivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,354.7028

Underlying: Common Stock $.01 Par Value ND · 13.7028 shares

Expires 2017-10-07

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date, subject to the terms of the Plan and applicable award agreement.

F2 · price: Dividend equivalent rights accrue with respect to these RSUs when and as dividends are paid on MGM Resorts International's common stock. The additional RSUs being reported reflect dividend equivalent rights at $26.82 per RSU credited to the reporting person's account on 3/15/2017.

Read SEC document
March 03, 2017 Filed Mar 7, 2017 23:23 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionMIP Performance Share Units · Derivative 52,210 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-010693 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock $.01 Par Value ND · 52,210 shares

Expires 2017-03-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Management Incentive Plan Performance Share Units ("MIP PSUs") granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan and the Second Amended and Restated Annual Performance-Based Incentive Plan for Executive Officers, pursuant to MGM Resorts' Form of Performance Share Units Agreement (Bonus Payout). Each MIP PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Performance End Date"), relative to a target price of $31.72 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Performance End Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Performance End Date per MIP PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Performance End Date per MIP PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Performance End Date. MIP PSUs shall not be subject to forfeiture in the event that the participant's employment terminates for any reason.

Read SEC document
March 03, 2017 Filed Mar 7, 2017 23:23 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 14,058 $26.46 $371,974.68
Disclosure

SEC source: 0001127602-17-010693 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,605

Read SEC document
March 03, 2017 Filed Mar 7, 2017 23:23 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 46,663 $0.00 $0.00
Disclosure

SEC source: 0001127602-17-010693 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,663

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Based on the average closing price of $28.35 over the 60-calendar-day period ending on the Vesting Date, approximately 0.8938 shares were issued on the Vesting Date per Performance Share Unit ("PSU").

Read SEC document
March 02, 2017 Filed Mar 7, 2017 01:37 UTC MGM Resorts International MGM · Entity 3508 SaleCommon Stock $.01 Par Value ND 53,201 $26.40 $1,404,506.40
Disclosure

SEC source: 0001127602-17-010492 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Indirect · Robert Baldwin Trust

Disclosed balance after: 0

F1 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.30 to $26.72, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

Read SEC document
February 28, 2017 Filed Mar 2, 2017 00:13 UTC MGM Resorts International MGM · Entity 3508 SaleCommon Stock $.01 Par Value ND 106,160 $26.26 $2,788,005.77
Disclosure

SEC source: 0001127602-17-009400 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Indirect · Robert Baldwin Trust

Disclosed balance after: 29,636

F1 · price: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.21 to $26.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.

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November 11, 2016 Filed Nov 15, 2016 00:44 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionEmployee Stock Appreciation Rights · Derivative 750,000 $0.00 Strike: $13.18 $0.00
Disclosure

SEC source: 0001127602-16-067053 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock $.01 Par Value ND · 750,000 shares

Expires 2017-12-13

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
November 11, 2016 Filed Nov 15, 2016 00:44 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 522,308 $27.63 $14,431,370.04
Disclosure

SEC source: 0001127602-16-067053 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 316,044

Read SEC document
November 11, 2016 Filed Nov 15, 2016 00:44 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 750,000 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-067053 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 838,352

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
November 05, 2016 Filed Nov 8, 2016 23:08 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionRestricted Stock Units · Derivative 5,970 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-066437 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock $.01 Par Value ND · 5,970 shares

Expires 2016-11-05

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs vest in four equal annual installments beginning on the first anniversary of the grant date.

F1 · derivative.exercise_date: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs vest in four equal annual installments beginning on the first anniversary of the grant date.

F1 · derivative.expiration_date: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs vest in four equal annual installments beginning on the first anniversary of the grant date.

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November 05, 2016 Filed Nov 8, 2016 23:08 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 2,505 $26.41 $66,157.05
Disclosure

SEC source: 0001127602-16-066437 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 88,352

Read SEC document
November 05, 2016 Filed Nov 8, 2016 23:08 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 5,970 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-066437 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 90,857

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 07, 2016 Filed Oct 11, 2016 23:41 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionRestricted Stock Units · Derivative 3,340 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064677 · form4.xml · derivative · entry 7

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,341

Underlying: Common Stock $.01 Par Value ND · 3,340 shares

Expires 2017-10-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2014 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.

Read SEC document
October 07, 2016 Filed Oct 11, 2016 23:41 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 1,402 $26.42 $37,040.84
Disclosure

SEC source: 0001127602-16-064677 · form4.xml · nonDerivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,861

Read SEC document
October 07, 2016 Filed Oct 11, 2016 23:41 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 3,340 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064677 · form4.xml · nonDerivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,263

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 07, 2016 Filed Oct 12, 2016 23:37 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionPerformance Share Units · Derivative 38,893 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064746 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock $.01 Par Value ND · 38,893 shares

Expires 2016-10-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: PSUs granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Vesting Date"), relative to a target price of $23.50 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Vesting Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Vesting Date per PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Vesting Date per PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Vesting Date.

Read SEC document
October 07, 2016 Filed Oct 12, 2016 23:37 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 17,363 $26.42 $458,730.46
Disclosure

SEC source: 0001127602-16-064746 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,887

Read SEC document
October 07, 2016 Filed Oct 12, 2016 23:37 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 41,389 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064746 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 102,250

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Based on the average closing price of $25.01 over the 60-calendar-day period ending on the Vesting Date, approximately 1.064 shares were issued on the Vesting Date per Performance Share Unit ("PSU").

Read SEC document
October 06, 2016 Filed Oct 11, 2016 23:41 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionRestricted Stock Units · Derivative 3,100 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064677 · form4.xml · derivative · entry 6

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,200

Underlying: Common Stock $.01 Par Value ND · 3,100 shares

Expires 2018-10-06

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2015 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.

Read SEC document
October 06, 2016 Filed Oct 11, 2016 23:41 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 1,301 $26.80 $34,866.80
Disclosure

SEC source: 0001127602-16-064677 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,923

Read SEC document
October 06, 2016 Filed Oct 11, 2016 23:41 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 3,100 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064677 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,224

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 05, 2016 Filed Oct 7, 2016 22:46 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionRestricted Stock Units · Derivative 4,926 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064562 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,778

Underlying: Common Stock $.01 Par Value ND · 4,926 shares

Expires 2019-10-05

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2016 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.

Read SEC document
October 05, 2016 Filed Oct 7, 2016 22:46 UTC MGM Resorts International MGM · Entity 3508 Tax withholdingCommon Stock $.01 Par Value ND 2,067 $26.64 $55,064.88
Disclosure

SEC source: 0001127602-16-064562 · form4.xml · nonDerivative · entry 2

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,124

Read SEC document
October 05, 2016 Filed Oct 7, 2016 22:46 UTC MGM Resorts International MGM · Entity 3508 Exercise / conversionCommon Stock $.01 Par Value ND 4,926 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064562 · form4.xml · nonDerivative · entry 1

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,191

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 03, 2016 Filed Oct 5, 2016 22:13 UTC MGM Resorts International MGM · Entity 3508 GrantRestricted Stock Units · Derivative 15,273 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064401 · form4.xml · derivative · entry 4

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,273

Underlying: Common Stock $.01 Par Value ND · 15,273 shares

Expires 2020-10-03

F2 · derivative.exercise_price: Restricted Stock Units ("RSUs") granted under the Plan. Each RSU represents the right to receive, following vesting, one share of MGM Resorts common stock. The RSUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of MGM Resorts, during the six-month period ending on June 30, 2017 (the "Measurement Date"). Provided such criteria are met, the RSUs will vest in four equal annual installments commencing on the first anniversary of the grant date. If such criteria are not met, then the RSUs will automatically expire on the Measurement Date without any shares being issued.

Read SEC document
October 03, 2016 Filed Oct 5, 2016 22:13 UTC MGM Resorts International MGM · Entity 3508 GrantPerformance Share Units · Derivative 48,114 $0.00 $0.00
Disclosure

SEC source: 0001127602-16-064401 · form4.xml · derivative · entry 3

BALDWIN ROBERT · CIK 0001183311 · Director · CHIEF CUSTOMER DEV OFFICER

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,114

Underlying: Common Stock $.01 Par Value ND · 48,114 shares

Expires 2019-10-03

F1 · derivative.exercise_price: Performance Share Units ("PSUs") granted under the MGM Resorts International ("MGM Resorts") Amended and Restated 2005 Omnibus Incentive Plan (the "Plan"). Each PSU represents the right to receive between 0 and 1.6 shares of MGM Resorts common stock depending upon the performance of the common stock from the grant date to the date that is three years after the grant date (the "Vesting Date"), relative to a target price of $31.05 (the "Target Price"). The Target Price is equal to 125% of the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the grant date. If the ending average stock price is less than 60% of the Target Price (the "Minimum Price"), then no shares will be issued on the Vesting Date. If the ending average stock price is equal to or greater than 160% of the Target Price (the "Maximum Price"), then 1.6 shares will be issued on the Vesting Date per PSU. If the ending average stock price is between the Minimum Price and the Maximum Price, then a number of shares will be issued on the Vesting Date per PSU equal to the ending average stock price divided by the Target Price. For this purpose, the ending average stock price is the average closing price of MGM Resorts common stock over the 60-calendar-day period ending on the Vesting Date.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.