Quatmann Edmund L Jr 4

What Happened

• Edmund L. Quatmann Jr., Chief Legal Officer of Caesars Entertainment (CZR), had restricted stock units (RSUs) vest on January 29, 2026 and those RSUs converted into common shares. The filing reports conversion entries totaling 23,269 shares (reported at $0.00 per share). To satisfy tax withholding, 10,252 shares were sold at $21.28 each for proceeds of $218,163. Several additional zero-dollar disposition entries were reported that reflect share withholding/net settlement related to the vesting.

Key Details

• Transaction date: January 29, 2026 (filed February 2, 2026; filing appears timely within SEC 2-business-day window).
• Reported conversions (code M): 23,269 shares @ $0.00 (RSU conversion into common stock).
• Tax-withholding sale (code F): 10,252 shares sold @ $21.28 = $218,163.
• Zero-cash disposition entries (code M): 5,605; 7,292; and 10,372 shares reported as disposed at $0.00 (reflect vesting/withholding mechanics).
• Shares owned after the transactions: not disclosed in the provided filing.
• Footnotes: F1–F4 confirm RSUs convert one-for-one to common stock; RSU awards were granted in 2023, 2024 and 2025 and those installments vested on Jan 29, 2026. The RSUs do not expire.

Context

• This appears to be a routine RSU vesting event with a sale solely to cover tax withholding—common practice and not necessarily a signal of confidence or lack thereof. The filing uses M (exercise/conversion of derivative) for the RSU-to-share conversions and F for the tax-withholding sale.