Snowden Jay A 4
4 · PENN Entertainment, Inc. · Filed Dec 27, 2023
Insider Transaction Report
Form 4
Snowden Jay A
DirectorCEO and President
Transactions
- Sale
Common Stock
2023-12-26$25.25/sh−172,930$4,366,483→ 689,072 total - Exercise/Conversion
Stock Options (Right to Buy)
2023-12-26−219,222→ 0 totalExercise: $14.10Exp: 2024-01-04→ Common Stock (219,222 underlying) - Exercise/Conversion
Common Stock
2023-12-26$14.10/sh+219,222$3,091,030→ 862,002 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. The stock options exercised by the reporting person on December 26, 2023 are scheduled to expire on January 4, 2024. This was a broker-assisted cashless exercise and hold transaction and therefore the proceeds from the sales were used solely to pay the exercise price, cover withholding taxes and pay broker fees and commissions.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.98 to $25.4828, inclusive. The reporting person undertakes to provide to Penn Entertainment, Inc., any security holder of Penn Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
- [F3]The stock options vested in four annual installments beginning on January 4, 2018.