Jay A. Snowden - 10 Mar 2026 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role: CEO and President, Director
Signature: /s/ Joshua Sidsworth, Attorney-in-Fact for Jay A. Snowden
Issuer symbol: PENN
Transactions as of: 10 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 11 Mar 2026, 20:54:40 UTC
Previous filing: 06 Jan 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Snowden Jay A	CEO and President, Director	825 BERKSHIRE BLVD., SUITE 200, WYOMISSING	/s/ Joshua Sidsworth, Attorney-in-Fact for Jay A. Snowden	11 Mar 2026	0001532579

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PENN	Common Stock	Award		+92,968	+9.6%	$0.000000^*	1,056,593	10 Mar 2026	Direct	F1, F2
transaction	PENN	Common Stock	Tax liability		-108,063	-10%	$14.70^*	948,530	10 Mar 2026	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents restricted units credited to the Reporting Person from a performance unit award granted in 2023 due to the achievement of the two-year performance goal.
F2	Reflects the forfeiture of 300,000 shares of performance-based restricted stock granted on April 12, 2021 due to not achieving the stock price hurdle performance conditions.
F3	Reflects Common Stock withheld by the Issuer to satisfy tax withholding obligations of the total vested shares under the 2023 Performance Plan. The total vested shares under this plan is 160,159. This is not an open market sale of securities.