ACE HEATHER S 4

What Happened

Heather S. Ace, a director of PENN Entertainment, received an award of 17,077 restricted shares on March 9, 2026. The shares were granted at $0.00 per share for reporting purposes (reported value $0) and are subject to vesting on March 9, 2027. This was an equity grant/award — not an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant of restricted stock (Form 4 code A)
• Transaction date: March 9, 2026; filing date: March 11, 2026 (Form 4 accession 0001193125-26-102746)
• Price reported: $0.00 per share; reported acquisition value $0
• Shares involved: 17,077 restricted shares
• Vesting: Shares vest on March 9, 2027 (footnote)
• Shares owned after transaction: Not specified in the provided report
• Timeliness: Filed within the standard Form 4 window (timely)

Context

Restricted stock awards are common compensation for directors and typically cannot be sold until they vest; they may be forfeited if vesting conditions aren’t met. Because this is a grant at $0 for reporting, it reflects compensation/award rather than an outlay by the insider or an immediate market purchase.