Carano Anthony L. 4
4 · Caesars Entertainment, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Caesars (CZR) President/COO Anthony Carano Receives 11,533 Shares
What Happened Anthony L. Carano, President and Chief Operating Officer of Caesars Entertainment (CZR), had 11,533 restricted stock units (RSUs) vest and settle into common stock on February 17, 2026 (award/acquisition). To cover tax withholding, 4,539 of those shares were surrendered (disposed) at an effective withholding price of $18.95 per share, totaling $86,014. The award shares are reported at $0 acquisition cost because they were compensation (RSUs) rather than an open-market purchase.
Key Details
- Transaction dates: Period of report 2026-02-17; Form 4 filed 2026-02-19 (timely filing).
- Award: 11,533 RSUs vested and settled one-for-one into common shares (code A).
- Tax withholding: 4,539 shares withheld/disposed to satisfy tax obligations at $18.95/share = $86,014 (code F).
- Origin of award: RSUs granted January 27, 2023 under the Amended and Restated 2015 Equity Incentive Plan; vesting was performance-based and the Board certified achievement effective with the 10-K filed 02/17/2026 (see footnote).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context These were earned, performance-based RSUs that vested and were settled in stock; the withholding of 4,539 shares to cover taxes is a routine, administrative step (a cashless/withholding settlement) and does not represent an open-market sale for investment reasons. RSU awards are compensation and should be viewed differently than purchases or discretionary sales by insiders.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+11,533→ 314,400 total - Tax Payment
Common Stock
2026-02-17$18.95/sh−4,539$86,014→ 309,861 total
Footnotes (1)
- [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.