Form 4: Caesars Entertainment Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
Edmund L. Quatmann Jr., Chief Legal Officer of Caesars Entertainment, reports the vesting and subsequent disposal of common stock and restricted stock units.
Summary
- Edmund L. Quatmann Jr., Chief Legal Officer of Caesars Entertainment, filed a Form 4 detailing changes in beneficial ownership.
- On January 1, 2025, 16,501 restricted stock units vested and converted into common stock.
- Also on January 1, 2025, 16,501 shares of common stock were acquired through the vesting of restricted stock units.
- On January 2, 2025, 6,724 shares of common stock were disposed of at a price of $32.59.
- Following these transactions, Quatmann directly owns 61,788 shares of Caesars Entertainment common stock and 33,004 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, and does not inherently convey positive or negative sentiment. It's a factual disclosure.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
- The vesting of restricted stock units is part of the executive compensation plan, impacting the executive and potentially other employees.
Key Dates
| Date | Description |
|---|---|
| 01/26/2024 | Restricted stock units were granted pursuant to the Amended and Restated 2015 Equity Incentive Plan. |
| 01/01/2025 | Restricted stock units vested and converted into common stock. |
| 01/02/2025 | 6,724 shares of common stock were disposed of at $32.59 per share. |
| 01/03/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.