Form 4: PENN Entertainment CEO Jay Snowden Reports Stock Transactions
SEC Form 4 Filing
Jay Snowden, CEO of PENN Entertainment, reports acquisition of shares through performance units and disposition of shares to cover tax obligations.
Summary
- On March 12, 2025, Jay Snowden, CEO and President of PENN Entertainment, acquired 31,856 shares of common stock related to performance units from a 2022 award.
- These units vested due to the achievement of the third year's performance goal.
- On the same day, Snowden disposed of 83,157 shares of common stock at a price of $16.93 to cover tax withholding obligations related to the vesting of these performance units.
- Following these transactions, Snowden directly owns 1,048,625 shares of PENN Entertainment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report of events.
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 executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of stock acquisition and disposition. |
| 03/14/2025 | Date of signature on the Form 4 filing. |
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