Reeg Thomas 4
4 · Caesars Entertainment, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Caesars CEO Reeg Thomas Receives RSUs; Sells Shares for Taxes
What Happened
- Reeg Thomas, CEO of Caesars Entertainment (CZR), had 25,629 restricted stock units (RSUs) vest and settle into common shares on 2026-02-17 (reported as an A — award/acquisition). The shares were issued at $0 cost to Thomas.
- To satisfy tax withholding obligations, 10,086 of those shares were disposed (reported as F) at $18.95 per share, resulting in $191,130 of value used to cover taxes.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely — within the standard 2-business-day reporting window).
- RSUs granted: originally awarded January 27, 2023 under the Amended and Restated 2015 Equity Incentive Plan; vesting determined by the Board effective with the issuer’s Form 10-K filing (see footnote F1).
- Shares settled: 25,629 common shares; shares withheld/disposed for taxes: 10,086 at $18.95 each = $191,130.
- Shares owned after transaction: not specified in the provided filing.
- Footnote on ownership: F2 notes indirect ownership via an Irrevocable Family Trust for units granted to a Family LLC.
Context
- This was a performance-based RSU settlement (vested based on achievement of specified objectives) and an associated tax-withholding disposition — a common, routine outcome when equity awards vest. The disposition was to cover tax liability rather than an open-market investment sale, so it should not be read as a directional market bet by the CEO.
Insider Transaction Report
Form 4
Reeg Thomas
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-02-17+25,629→ 295,929 total - Tax Payment
Common Stock
2026-02-17$18.95/sh−10,086$191,130→ 285,843 total
Holdings
- 362,231(indirect: By Trust)
Common Stock
[F2] - 6,240(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]The restricted stock units were granted on January 27, 2023, pursuant to the Amended and Restated 2015 Equity Incentive Plan, subject to achievement of specified performance objectives. The level at which such restricted stock units were determined to have been achieved, as reported on this Form 4, was determined by the Board of the Issuer effective with the filing of the annual report on Form 10-K on February 17, 2026. Pursuant to the terms of the grant, the earned restricted stock units immediately vested and settled in common stock, on a one-for-one basis.
- [F2]Represents indirect ownership by Irrevocable Family Trust for units granted to Family LLC.
Signature
/s/ Jill Eaton, by power of attorney|2026-02-19