Form 4: PENN EVP George Disposes Shares for Tax Obligations
Insider Transaction Report
PENN Entertainment EVP Todd George disposed of 6,865 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Todd George, Executive Vice President of Operations at PENN Entertainment, Inc. (PENN), reported a disposition of common stock.
- The transaction involved 6,865 shares of Common Stock on January 3, 2026.
- The shares were disposed of at a price of $14.85 per share.
- This disposition was not an open market sale but reflects shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following this transaction, Todd George beneficially owns 126,171 shares of Common Stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction related to executive compensation (tax withholding on RSU vesting). It does not indicate any change in management's sentiment towards the company's prospects or financial health.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Management Comments
- The disposition reflects Common Stock withheld by the Issuer to satisfy tax withholding obligations upon the vesting of restricted stock units, and is not an open market sale of securities.
Industry Context
SEC Form 4 filings are standard disclosures for insider transactions, providing transparency into executive and director holdings. This specific transaction, a tax withholding related to restricted stock unit vesting, is a common occurrence in executive compensation structures across various industries, reflecting a routine part of equity-based incentive plans.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not an open market sale indicating a change in insider sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/03/2026 | Date of transaction (disposition of common stock) |
| 01/06/2026 | Date the Form 4 was signed by the reporting person's attorney-in-fact |
Keywords
PENN Entertainment, PENN, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Tax Withholding, Stock Disposition
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.