Form 4: PENN Entertainment Executive Todd George Reports Stock Award and Tax Withholding
SEC Filing
EVP of Operations at PENN Entertainment, Todd George, reports acquisition of shares from a performance unit award and subsequent withholding for tax obligations.
Summary
- Todd George, EVP of Operations at PENN Entertainment, filed a Form 4 detailing changes in beneficial ownership.
- On February 25, 2025, Mr. George acquired 5,549 shares of common stock related to a performance unit award granted in 2022.
- These shares were awarded due to the achievement of the third year's performance goal.
- On the same day, 5,756 shares were withheld by PENN Entertainment to cover tax obligations associated with the vesting of these performance units at a price of $21.07.
- Following these transactions, Mr. George beneficially owns 133,036 shares of PENN Entertainment common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like PENN Entertainment.
Key Dates
| Date | Description |
|---|---|
| 2022 | Performance unit award granted to Todd George. |
| 02/25/2025 | Date of stock acquisition and tax withholding. |
| 02/27/2025 | Date of Form 4 filing. |
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