Hendrix Felicia 4

What Happened
Felicia Hendrix, EVP and Chief Financial Officer of PENN Entertainment (PENN), had 24,627 restricted common stock units credited on 2026-02-26 following the vesting of a 2023 performance unit award. To satisfy tax-withholding obligations, the issuer withheld 17,133 shares at $12.54 per share (total value withheld ≈ $214,848). Net newly credited shares to Hendrix = 7,494. This was an award/vesting event, not an open-market sale.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-03-02 (filed after the typical two-business-day window; reported late).
• Award (Code A): 24,627 restricted units credited at $0.00.
• Tax withholding (Code F): 17,133 shares withheld/disposed at $12.54 each for $214,848; withholding is not an open-market sale.
• Net new shares received: 24,627 − 17,133 = 7,494.
• Footnotes: F1 — units credited due to achievement of a two-year performance goal from the 2023 award; F2 — shares withheld to satisfy tax withholding obligations.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was a routine vesting of performance-based restricted units; the share-withholding is a common method to cover tax obligations and should not be interpreted as a voluntary sale. For retail investors, outright purchases by insiders are often more informative about confidence than routine vesting-and-withholding transactions. Transaction codes: A = award/grant; F = tax withholding.