Todd George - 15 Feb 2022 Form 4 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role: EVP, Operations
Signature: /s/ Cameron Williams, Attorney-In-Fact for Todd George
Issuer symbol: PENN
Transactions as of: 15 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 17 Feb 2022, 18:30:25 UTC
Previous filing: 05 Jan 2022
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PENN	Common Stock	Award	$0	+3,528	+9.5%	$0.000000	40,564	15 Feb 2022	Direct	F1
transaction	PENN	Common Stock	Award	$0	+2,412	+5.9%	$0.000000	42,976	15 Feb 2022	Direct	F2
transaction	PENN	Common Stock	Award	$0	+1,393	+3.2%	$0.000000	44,369	15 Feb 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PENN	Phantom Stock Units	Award		+7,235	+100%		14,470	15 Feb 2022	Common Stock	7,235		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock credited to the Reporting Person from a performance shares award granted in 2019 due to the achievement of the third year's performance goal.
F2	Restricted stock credited to the Reporting Person from a performance shares award granted in 2020 due to the achievement of the second year's performance goal.
F3	Restricted stock credited to the Reporting Person from a performance shares award granted in 2021 due to the achievement of the first year's performance goal.
F4	Phantom stock units credited to the Reporting Person from a performance shares award granted in 2020 due to the achievement of the second year's performance goal.