Schiavolin Fabio 4

What Happened

Fabio Schiavolin, a director of PENN Entertainment, received an award of 17,077 restricted common shares on March 9, 2026. The shares were reported at $0.00 per share (no cash paid) — this was an equity grant (transaction code A), not an open-market purchase or sale. A footnote states the restricted shares vest on March 9, 2027.

Key Details

• Transaction date: March 9, 2026. Form 4 filed March 11, 2026 (appears timely under the two-business-day rule).
• Shares granted: 17,077 restricted shares at $0.00 per share (no cash exchanged).
• Vesting: These shares vest on March 9, 2027 (per filing footnote).
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Award/grant (SEC code A). No 10b5-1 plan, tax withholding, or sale noted.

Context

Restricted stock grants to directors are a common form of compensation and do not necessarily signal the director buying or selling based on private information. Because the shares are restricted and vest in one year, they cannot be freely sold until vesting (and may be forfeited if vesting conditions aren’t met). This is an equity compensation event rather than a market trade.