Form 4: Caesars Entertainment Director Courtney Mather Acquires Phantom Stock

Director Courtney Mather acquired phantom stock in Caesars Entertainment under the company's deferred compensation plan.

Summary

• On October 2, 2024, Courtney Mather, a director of Caesars Entertainment, acquired 785.7974 units of phantom stock.
• The acquisition was made under the company's outside director deferred compensation plan in lieu of cash director fees.
• Each unit of phantom stock represents the right to receive one share of Caesars Entertainment's common stock upon settlement.
• Following the transaction, Mather beneficially owns 38,435.6476 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.
• The deferred compensation plan allows directors to defer income and potentially benefit from future stock appreciation.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates