Christopher Byron Rogers - Sep 22, 2023 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role
EVP and Chief Strategy Officer
Signature
/s/ Joshua Sidsworth, Attorney-In-Fact for Christopher Byron Rogers
Stock symbol
PENN
Transactions as of
Sep 22, 2023
Transactions value $
-$130,976
Form type
4
Date filed
9/26/2023, 05:15 PM
Previous filing
Mar 10, 2023
Next filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PENN Common Stock Options Exercise $0 +5.71K +20.27% $0.00 33.9K Sep 22, 2023 Direct F1
transaction PENN Common Stock Disposed to Issuer -$131K -5.71K -16.85% $22.95 28.2K Sep 22, 2023 Direct F1

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 -5.71K -100% 0 Sep 22, 2023 CommonStock 5.71K 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 vested 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 vested on September 22, 2023. Vesting of phantom stock units is reported as a deemed acquisition and disposition (at fair market value as of the vesting date) of the number of shares of common stock underlying the vested phantom stock units.