Form 4: Caesars Entertainment Director Acquires 7,552 Restricted Stock Units

Kim Harris Jones, a director at Caesars Entertainment, acquired 7,552 restricted stock units on January 24, 2025, which will convert to common stock upon her separation from the board.

Summary

• Kim Harris Jones, a director of Caesars Entertainment, acquired 7,552 restricted stock units on January 24, 2025.
• These restricted stock units were granted under the company's Amended and Restated 2015 Equity Incentive Plan.
• The restricted stock units will convert into common stock on a one-for-one basis.
• Ms. Jones has elected to defer receipt of these shares until her separation from service on the board of directors.
• The restricted stock units do not expire.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate practice of granting stock units to directors, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The deferred receipt of shares until separation from the board indicates a long-term commitment.

Future Outlook

The restricted stock units will convert to common stock upon the director's separation from the board, but no specific date is given.

Industry Context

This is a standard practice for incentivizing board members in publicly traded companies, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across the industry, including companies like MGM Resorts International and Las Vegas Sands.
• These grants are typically part of a broader compensation package designed to align director interests with shareholder value.
• The deferral of share receipt until separation from service is also a common practice to ensure long-term commitment.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Next Steps

• The restricted stock units will convert to common stock upon Kim Harris Jones's separation from the board of directors.

Key Dates

Keywords

Restricted Stock Units, Director, Equity Incentive Plan, Beneficial Ownership, Caesars Entertainment, CZR, Stock Grant