George Todd 4
4 · PENN Entertainment, Inc. · Filed Sep 26, 2023
Insider Transaction Report
Form 4
George Todd
EVP, Operations
Transactions
- Exercise/Conversion
Common Stock
2023-09-22+11,415→ 50,387 total - Exercise/Conversion
Phantom Stock Units
2023-09-22−11,415→ 0 total→ Common Stock (11,415 underlying) - Disposition to Issuer
Common Stock
2023-09-22$22.95/sh−11,415$261,974→ 38,972 total
Footnotes (1)
- [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.