Jay A. Snowden - Mar 9, 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
Stock symbol
PENN
Transactions as of
Mar 9, 2022
Transactions value $
-$3,806,222
Form type
4
Date filed
3/11/2022, 05:30 PM
Previous filing
Jan 5, 2022
Next filing
Dec 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Options Exercise +19.3K +3.64% 550K Mar 9, 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer -$806K -19.3K -3.51% $41.75 530K Mar 9, 2022 Direct
transaction PENN Common Stock Options Exercise +21.7K +4.09% 552K Mar 9, 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer -$906K -21.7K -3.93% $41.75 530K Mar 9, 2022 Direct
transaction PENN Common Stock Options Exercise +21.7K +4.09% 552K Mar 9, 2022 Direct F1
transaction PENN Common Stock Disposed to Issuer -$906K -21.7K -3.93% $41.75 530K Mar 9, 2022 Direct
transaction PENN Common Stock Award $0 +21.7K +4.09% $0.00 552K Mar 9, 2022 Direct F2
transaction PENN Common Stock Tax liability -$1.19M -28.5K -5.16% $41.75 524K Mar 9, 2022 Direct
transaction PENN Common Stock Award $0 +6.48K +1.24% $0.00 531K Mar 9, 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 +21.7K 21.7K Mar 9, 2022 Common Stock 21.7K Direct F4
transaction PENN Phantom Stock Units Options Exercise -19.3K -100% 0 Mar 9, 2022 Common Stock 19.3K Direct F1
transaction PENN Phantom Stock Units Options Exercise -21.7K -100% 0 Mar 9, 2022 Common Stock 21.7K Direct F1
transaction PENN Phantom Stock Units Options Exercise -21.7K -100% 0 Mar 9, 2022 Common Stock 21.7K 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.