Jay A. Snowden - 09 Mar 2022 Form 4 Insider Report for PENN NATIONAL GAMING INC (PENN)

Role
President and CEO, Director
Signature
/s/ Cameron Williams, Attorney-In-Fact for Jay A. Snowden
Issuer symbol
PENN
Transactions as of
09 Mar 2022
Net transactions value
-$3,806,222
Form type
4
Filing time
11 Mar 2022, 17:30:19 UTC
Previous filing
05 Jan 2022
Next filing
29 Dec 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 Options Exercise +19,298 +3.6% 549,794 09 Mar 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer $805,692 -19,298 -3.5% $41.75 530,496 09 Mar 2022 Direct
transaction PENN Common Stock Options Exercise +21,699 +4.1% 552,192 09 Mar 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer $905,933 -21,699 -3.9% $41.75 530,496 09 Mar 2022 Direct
transaction PENN Common Stock Options Exercise +21,698 +4.1% 552,194 09 Mar 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer $905,892 -21,698 -3.9% $41.75 530,496 09 Mar 2022 Direct
transaction PENN Common Stock Award $0 +21,698 +4.1% $0.000000 552,194 09 Mar 2022 Direct F2
transaction PENN Common Stock Tax liability $1,188,706 -28,472 -5.2% $41.75 523,722 09 Mar 2022 Direct
transaction PENN Common Stock Award $0 +6,483 +1.2% $0.000000 530,565 09 Mar 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 +21,698 21,698 09 Mar 2022 Common Stock 21,698 Direct F4
transaction PENN Phantom Stock Units Options Exercise -19,298 -100% 0 09 Mar 2022 Common Stock 19,298 Direct F1
transaction PENN Phantom Stock Units Options Exercise -21,699 -100% 0 09 Mar 2022 Common Stock 21,699 Direct F1
transaction PENN Phantom Stock Units Options Exercise -21,698 -100% 0 09 Mar 2022 Common Stock 21,698 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.
F2 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.
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 2019 due to the achievement of the third year's performance goal.