Quatmann Edmund L Jr 4

What Happened
Edmund L. Quatmann Jr., Chief Legal Officer of Caesars Entertainment (CZR), had 4,413 restricted stock units (RSUs vest and) settle into common shares on February 17, 2026 (reported on a Form 4 filed Feb 19, 2026). Of those shares, 1,944 were surrendered/withheld to cover tax withholding at an effective price of $18.95 per share, totaling $36,839. The RSUs were performance-based grants that vested and were settled one-for-one into shares; the acquisition price is reported as $0.00 for the settled RSUs. Net new shares received (after withholding) = 2,469 shares.

Key Details

• Transaction date: February 17, 2026; Form 4 filed: February 19, 2026 (appears timely).
• Award/settlement: 4,413 shares acquired at $0.00 (code A).
• Tax withholding: 1,944 shares disposed/withheld at $18.95 = $36,839 (code F).
• Net shares added to holdings: 2,469 (4,413 acquired − 1,944 withheld).
• Footnote: These RSUs were granted January 27, 2023 under the Amended and Restated 2015 Equity Incentive Plan and were performance-based. The Board determined achievement levels effective with the Feb 17, 2026 Form 10‑K filing, causing immediate vesting and settlement on a one-for-one basis.
• Shares owned after the transaction: not specified in the information provided in your summary.

Context
This was a performance-based RSU settlement (award), not an open-market purchase or an option exercise. The withholding of shares to satisfy tax obligations is a common administrative step and does not necessarily indicate a separate market sale by the insider.