Reeg Thomas 4

What Happened

• Reeg Thomas, CEO of Caesars Entertainment, was granted 202,924 restricted stock units (RSUs) on January 23, 2026. The award is reported on a Form 4 as an acquisition (grant) at $0.00 per share (derivative award); the filing shows $0 as the reported purchase value because these are compensation RSUs rather than an open-market purchase.
• These RSUs convert into common shares on a one-for-one basis upon vesting. This is a compensation grant (not a buy or sell transaction) and therefore reflects executive pay, not a direct market signal like a purchase or sale.

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-27 (appears timely under typical 2-business-day reporting rules).
• Quantity and price: 202,924 RSUs granted at $0.00 per unit (derivative award).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: RSUs convert into common stock on a one-for-one basis.
  • F2: RSUs were granted pursuant to the Amended and Restated 2015 Equity Incentive Plan and vest in equal installments on Jan 29, 2027; Jan 29, 2028; and Jan 29, 2029. The RSUs do not expire.
• Transaction code: A (award/grant).

Context

• RSUs are a form of equity compensation that convert to actual shares only as they vest; they are not immediately tradable. Because this is a compensation grant, it reflects the company’s award to the CEO rather than the CEO’s personal buying or selling decision.
• For retail investors, grants can dilute share count over time when they vest, and they align executive incentives with shareholder value, but they do not by themselves indicate the insider’s view on near-term stock performance.