Todd George - Sep 22, 2023 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role
EVP, Operations
Signature
/s/ Joshua Sidsworth, Attorney-In-Fact for Todd George
Stock symbol
PENN
Transactions as of
Sep 22, 2023
Transactions value $
-$261,974
Form type
4
Date filed
9/26/2023, 05:19 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 +11.4K +29.29% $0.00 50.4K Sep 22, 2023 Direct F1
transaction PENN Common Stock Disposed to Issuer -$262K -11.4K -22.65% $22.95 39K 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 -11.4K -100% 0 Sep 22, 2023 Common Stock 11.4K 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: 7,135 phantom stock units vested on September 22, 2021, 9,989 phantom stock units vested on September 22, 2022, and 11,415 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.