Christopher Byron Rogers - 22 Sep 2022 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role: EVP and Chief Strategy Officer
Signature: Harper Ko, Attorney-in-Fact for Christopher Byron Rogers
Issuer symbol: PENN
Transactions as of: 22 Sep 2022
Net transactions value: -$145,525
Form type: 4
Filing time: 26 Sep 2022, 16:05:33 UTC
Previous filing: 03 Mar 2022
Next filing: 05 Jan 2023
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	$0	+4,994	+19%	$0.000000	30,765	22 Sep 2022	Direct	F1
transaction	PENN	Common Stock	Disposed to Issuer	$145,525	-4,994	-16%	$29.14	25,771	22 Sep 2022	Direct

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	Options Exercise		-4,994	-47%		5,707	22 Sep 2022	Common Stock	4,994		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each phantom stock unit is the economic equivalent of one share of the registrant's common stock. The phantom stock units vest in three installments as follows: 3,568 phantom stock units vested on September 22, 2021, 4,994 phantom stock units vested on September 22, 2022 and 5,707 phantom stock units vest on September 22, 2023.