Form 4: PENN Entertainment Executive Christopher Rogers Reports Stock Transactions
SEC Form 4 Filing
Christopher Rogers, EVP, Chief Strategy and Legal Officer and Secretary of PENN Entertainment, reports acquisition of shares through restricted units and disposition of shares to cover tax obligations.
Summary
- On February 25, 2025, Christopher Rogers, an executive at PENN Entertainment, acquired 4,679 shares of common stock due to the vesting of restricted units from a 2022 performance unit award.
- The acquisition price was $0.
- On the same day, Rogers disposed of 4,677 shares of common stock at a price of $21.07 to satisfy tax withholding obligations related to the vesting of the performance units.
- Following these transactions, Rogers beneficially owns 87,480 shares of PENN Entertainment common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022 | Performance unit award granted to Christopher Rogers. |
| 02/25/2025 | Date of stock acquisition and disposition. |
| 02/27/2025 | Date of Form 4 filing. |
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