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

Director Michael Pegram of Caesars Entertainment, Inc. was granted 7,552 restricted stock units on January 24, 2025, which will convert to common stock upon his departure from the board.

Summary

• Michael Pegram, a director at Caesars Entertainment, Inc., was granted 7,552 restricted stock units on January 24, 2025.
• These restricted stock units will convert into common stock on a one-for-one basis.
• The grant was made under the Amended and Restated 2015 Equity Incentive Plan.
• Pegram has elected to defer receipt of the shares until his separation from service on the board of directors under the Issuer's outside director deferred compensation plan.
• The restricted stock units do not expire.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

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 service may encourage long-term focus.

Future Outlook

The restricted stock units will convert to common stock upon Michael Pegram's separation from the board of directors.

Industry Context

The granting of restricted stock units is a common practice for compensating directors in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units as part of their director compensation packages.
• The vesting and deferral terms are typical for outside director compensation plans.
• Companies like MGM Resorts International and Las Vegas Sands also use similar equity-based compensation for their board members.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The deferred receipt of shares until separation from service may encourage long-term focus.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Equity Incentive Plan, Caesars Entertainment, CZR, Michael Pegram, Stock Grant, Deferred Compensation