Form 4: Anuj Dhanda Reports Acquisition of Phantom Stock Units in PENN Entertainment

Director Anuj Dhanda reports the acquisition of 12,994 phantom stock units in PENN Entertainment, Inc. as part of the 2025 annual equity award for directors.

Summary

• Anuj Dhanda, a director of PENN Entertainment, Inc., filed a Form 4 on January 7, 2025, reporting a transaction.
• On January 3, 2025, Dhanda acquired 12,994 phantom stock units as part of the 2025 annual equity award for directors.
• These phantom stock units will vest on January 3, 2026, and will be settled in cash based on the fair market value of PENN Entertainment's common stock at that time.
• Following the transaction, Dhanda directly owns 12,994 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

Management Comments

• The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

Industry Context

This filing reflects standard executive compensation practices, where directors receive equity-based awards to align their interests with those of shareholders. Phantom stock units are a common form of equity compensation.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of shareholders, as the value of the units is tied to the company's stock performance.

Key Dates