Saul Reibstein - 03 Jan 2024 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role
Director
Signature
/s/ Joshua Sidsworth, Attorney-In-Fact for Saul Reibstein
Issuer symbol
PENN
Transactions as of
03 Jan 2024
Transactions value $
-$210,194
Form type
4
Date filed
05 Jan 2024, 16:47
Previous filing
25 May 2023
Next filing
24 May 2024
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 +8.54K +23.05% 45.6K 04 Jan 2024 Direct F1
transaction PENN Common Stock Disposed to Issuer -$210K -8.54K -18.73% $24.61 37.1K 04 Jan 2024 Direct F1
holding PENN Common Stock 150 03 Jan 2024 By Spouse F2

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 +9.63K 9.63K 03 Jan 2024 Common Stock 9.63K Direct F3
transaction PENN Phantom Stock Units Options Exercise -8.54K -100% 0 04 Jan 2024 Common Stock 8.54K 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 The reporting person disclaims beneficial ownership of the shares owned by his spouse.
F3 The reporting person will receive 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. The reporting person elected to receive the 2024 annual equity award for directors in phantom stock units.

Remarks:

Exhibit 24 - Power of Attorney