Reeg Thomas 4

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.