Papanier George T. 4

4 · Bally's Corp · Filed Mar 25, 2026

AI-generated summary of this filing

Updated Mar 25, 2026

Bally's (BALY) President George T. Papanier Receives Award Shares

What Happened

George T. Papanier, President and director of Bally's Corporation, received 30,357 shares on March 23, 2026 when performance units vested (transaction code A). The company withheld 11,946 of those shares to satisfy tax withholding obligations (transaction code F) valued at $12.11 per share, or $144,666. Net shares delivered to Papanier were 18,411. The award resulted from performance units granted earlier (35,714 target units) that vested below target based on 2025 performance.

Key Details

Transaction dates: March 23, 2026 (reported on Form 4 filed March 25, 2026) — filing appears timely.
Award: 30,357 shares issued @ $0.00 reported acquisition price (performance units vesting).
Tax withholding: 11,946 shares withheld @ $12.11 (disposed) = $144,666.
Net shares received: 18,411 shares (30,357 issued minus 11,946 withheld).
Footnotes: F1 explains the performance-unit grant and partial vesting; F2 explains share withholding to satisfy tax obligations.
Shares owned after the transaction: not disclosed in the provided filing.

Context

This was a vesting of performance-based awards, not an open-market purchase or sale. The withholding of shares to cover taxes is a routine administrative step (a cashless withholding), not a market sale decision by the insider. Performance-unit vesting reflects corporate performance metrics for 2025 rather than a direct insider trade signal.

Form 4

Period: 2026-03-23

DirectorPresident

Transactions

Holdings

Footnotes (2)

[F1]On March 23 2026, the reporting person was granted 35,714 performance units eligible to vest at target levels of performance (with vesting of more or less shares possible based on actual performance) based on the extent to which certain financial and other strategic goals were met for the year ended December 31, 2025. Based on the performance of Bally's Corporation (the "Company") against the applicable goals, 30,357 performance units subject to such criteria vested on March 23, 2026, resulting in the issuance of 30,357 shares of the Company's common stock to the reporting person.
[F2]As described in footnote 1, on March 23, 2026, the reporting person became entitled to receive 30,357 shares of the Company's common stock. The Company retained 11,946 shares of Company common stock to satisfy certain tax withholding obligations in connection with the vesting.

Signature

/s/ Victoria Ellis, Attorney-In-Fact|2026-03-25

1 file