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Gaming & Lodging

MGM Resorts International Executive Compensation (FY25)

MGM · Las Vegas, NV · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 8, 2026
312 figures on this page: 304 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Companies named in the disclosed peer group include Caesars Entertainment, Inc., Carnival Corporation, Chipotle Mexican Grill, Darden Restaurants, Inc. and DraftKings, among others. Total compensation for William Hornbuckle, Chief Executive Officer and President, came to $25,329,156 in fiscal 2025, and compared with the $15,819,584 reported for fiscal 2024, Hornbuckle's total was 60.1% higher. For fiscal 2025, the company reported a chief executive pay ratio of 542:1, against median employee compensation of $46,713. Shareholders supported the say-on-pay proposal with 93.0% of votes cast for or against in favor at the meeting held May 6, 2026 for fiscal 2025.
Chief executive, fiscal 2025
◇
William Hornbuckle
Latest say-on-pay support
=
May 6, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William Hornbuckle: $15,819,584 → $25,329,156 (60.1% higher)
Say-on-pay support: 97.0% → 93.0% (4.0 points lower)
CEO pay ratio: 332:1 → 542:1 (63.3% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is MGM Resorts International's chief executive and what were they paid?
Total compensation for William Hornbuckle, Chief Executive Officer and President, came to $25,329,156 in fiscal 2025. Compared with the $15,819,584 reported for fiscal 2024, Hornbuckle's total was 60.1% higher.
What was MGM Resorts International's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.0% of votes cast for or against in favor at the meeting held May 6, 2026 for fiscal 2025.
Which companies are in MGM Resorts International's peer group?
Companies named in the disclosed peer group include Caesars Entertainment, Inc., Carnival Corporation, Chipotle Mexican Grill, Darden Restaurants, Inc. and DraftKings, among others.
What is MGM Resorts International's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 542:1, against median employee compensation of $46,713.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Hornbuckle
Chief Executive Officer and President
◇—◇—◇—◇◇
Corey Sanders
Chief Operating Officer
◇—◇—◇—◇◇
Jonathan Halkyard
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Gary Fritz
President, MGM Interactive
◇—◇—◇—◇◇
John McManus
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Hornbuckle
Chief Executive Officer and President
◇—◇—◇—◇◇
Corey Sanders
Chief Operating Officer
◇—◇—◇—◇◇
Gary Fritz
President, Interactive
◇—◇—◇——◇
Jonathan Halkyard
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
John McManus
Chief Legal and Administrative Officer and Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Hornbuckle
Chief Executive Officer and President
◇—◇—◇—◇◇
Gary Fritz
President, Interactive
◇—◇—◇—◇◇
Corey Sanders
Chief Operating Officer
◇—◇—◇—◇◇
Jonathan Halkyard
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
John McManus
Chief Legal and Administrative Officer and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Hornbuckle
Chief Executive Officer and President
◇◇◇—◇—◇◇
Gary Fritz
Chief Commercial Officer and President of MGM Digital
◇—◇—◇—◇◇
Corey Sanders
Chief Operating Officer
◇—◇—◇—◇◇
Jonathan Halkyard
Chief Financial Officer
◇—◇—◇—◇◇
John McManus
Chief Legal and Administrative Officer and Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Corey SandersPSU◇◇◇—◇—◇
Corey SandersRSU◇——◇——◇
Gary FritzRSU◇——◇——◇
Gary FritzRSU◇——◇——◇
Gary FritzRSU◇——◇——◇
Gary FritzPSU◇◇◇—◇—◇
John McManusRSU◇——◇——◇
John McManusPSU◇◇◇—◇—◇
Jonathan HalkyardPSU◇◇◇—◇—◇
Jonathan HalkyardRSU◇——◇——◇
William HornbuckleRSU◇——◇——◇
William HornbucklePSU◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Mr. HalkyardPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Mr. McManusRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Mr. HornbucklePSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Mr. SandersRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Mr. FritzRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paul Salem
Board chair
◇◇———◇◇
Daniel J. Taylor
◇◇———◇◇
Rose McKinney-James
◇◇———◇◇
Keith A. Meister
◇◇———◇◇
Ben Winston
◇◇———◇◇
Keith Barr
◇◇———◇◇
Jan G. Swartz
◇◇————◇
Donna Langley
◇◇————◇
Joey Levin
◇◇———◇◇
Mary Chris Jammet
◇————◇◇
Alexis M. Herman
◇—————◇
Barry Diller and William J. Hornbuckle served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Compensation committee chair◇
Compensation committee member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Caesars Entertainment, Inc. CZR
  • Carnival Corporation CCL
  • Chipotle Mexican Grill CMG
  • Darden Restaurants, Inc. DRI
  • DraftKings DKNG
  • Hilton Worldwide Holdings HLT
  • Las Vegas Sands Corp. LVS
  • Live Nation Entertainment LYV
  • Marriott International, Inc. MAR
  • McDonald's MCD
  • Norwegian Cruise Line Holdings NCLH
  • PENN Entertainment PENN
  • Restaurant Brands International QSR
  • Royal Caribbean Cruises RCL
  • Starbucks Corporation SBUX
  • Wynn Resorts WYNN
  • YUM! Brands YUM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 6, 2026=◇◇◇
2024May 7, 2025=◇◇◇
2023May 1, 2024=◇◇◇
2022May 2, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 1, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact MGM Resorts International disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where MGM Resorts International sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
312 figures on this page: 304 cited to the filing that reported them, 8 calculated from figures it prints.
304 cited to the filing
8 calculated from the filing

Documents cited

  1. 0000789570-26-000037
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-129074
    2025 DIRECTOR COMPENSATION · CEO Pay Ratio · Grants of Plan-Based Awards · INDEPENDENT DIRECTOR COMPENSATION STRUCTURE · and 3 more sections
  3. 0000789570-25-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-066345
    SUMMARY COMPENSATION TABLE
  5. 0000789570-24-000017
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-074463
    SUMMARY COMPENSATION TABLE
  7. 0000789570-23-000015
  8. 0001193125-23-077890
    SUMMARY COMPENSATION TABLE
  9. 0001193125-22-145101
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-155058
  11. 0001564590-20-023641
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-137056
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “MGM Resorts International executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MGM (accessed 2026).
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Gaming & Lodging rankings

Chief executive pay — Gaming & LodgingCEO pay ratio — Gaming & LodgingSay-on-pay support — Gaming & Lodging

Peers MGM Resorts International discloses

The companies named in MGM's own disclosed peer group.

Caesars Entertainment, Inc.Carnival CorporationDraftKingsHilton Worldwide HoldingsLas Vegas Sands Corp.Marriott International, Inc.McDonald'sNorwegian Cruise Line HoldingsPENN EntertainmentRoyal Caribbean CruisesWynn Resorts

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy