Papapostolou Ted 4

What Happened Ted Papapostolou, a director of Caesars Entertainment, received an award of 10,369 restricted stock units (RSUs) on January 23, 2026. The RSUs were granted at an acquisition price of $0.00 (recorded as a derivative award) and are fully vested on grant. Papapostolou elected to defer receipt of the underlying shares until his separation from the board under the issuer’s outside director deferred compensation plan.

Key Details

• Transaction date: January 23, 2026; Form 4 filed January 27, 2026 (filing appears timely).
• Award: 10,369 RSUs; reported acquisition price $0.00 (derivative award code A).
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes: RSUs convert into common stock on a one-for-one basis (F1). The RSUs were fully vested at grant under the Amended and Restated 2015 Equity Incentive Plan and have been deferred until separation from service; they do not expire (F2).

Context RSUs are a form of equity compensation that convert into shares (here, one-for-one) when conditions are met; because these were deferred, Papapostolou will not immediately receive the underlying shares. This is an award/grant rather than a purchase or sale, so it is a compensation event rather than a direct bullish or bearish trading signal.