Lepori Stephanie 4

What Happened
Stephanie Lepori, Chief Administrative Officer and CAO of Caesars Entertainment (CZR), had 3,986 restricted stock units vest and settle into 3,986 shares on February 17, 2026 (award/acquisition). To cover tax withholding, 1,569 of those shares were withheld/disposed at $18.95 per share, totaling $29,733. The award itself shows $0 acquisition cost because it was a performance-based RSU settlement.

Key Details

• Transaction date: February 17, 2026 (reported on Form 4 filed Feb 19, 2026).
• Award: 3,986 RSU shares granted/vested (code A).
• Tax withholding: 1,569 shares withheld/disposed at $18.95 each for $29,733 (code F).
• Shares owned after transaction: Not specified in the provided filing; see full Form 4 for total beneficial ownership.
• Footnote: RSUs were granted Jan 27, 2023 under the Amended & Restated 2015 Equity Incentive Plan and vested upon satisfaction of performance objectives; the Board determined achievement effective with the company’s Form 10‑K filing on Feb 17, 2026. The earned RSUs immediately vested and settled one‑for‑one into common stock.
• Filing timeliness: Report filed Feb 19, 2026 covering a Feb 17 transaction (no late filing indicated in the provided summary).

Context

• This was a performance-based RSU settlement (compensation), not an open-market purchase or discretionary sale. The withheld 1,569 shares reflect tax withholding to satisfy the insider’s tax liability (routine), not necessarily a sale for investment reasons.
• For retail investors, award vesting is compensation-related and common; purchases by insiders generally carry more informational weight about confidence, while awards often reflect prior grant agreements and performance results.