Form 4: Ronald Naples Reports Changes in Beneficial Ownership of PENN Entertainment, Inc.
SEC Form 4 Filing
Director Ronald Naples reports transactions involving PENN Entertainment, Inc. common stock and phantom stock units.
Summary
- Ronald Naples, a director of PENN Entertainment, Inc., filed a Form 4 detailing changes in his beneficial ownership.
- On January 3, 2025, Naples acquired 9,634 common stock units through the vesting of phantom stock units.
- Also on January 3, 2025, Naples disposed of 9,634 common stock units at a price of $19.24.
- Following these transactions, Naples directly owns 20,587 shares of common stock.
- Naples also acquired 12,994 phantom stock units, which vest on January 3, 2026.
- These phantom stock units will be settled in cash based on the fair market value of PENN Entertainment's common stock on the vesting date.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; neither particularly positive nor negative.
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.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date of transaction involving common stock and phantom stock units. |
| 01/03/2026 | Vesting date for 12,994 phantom stock units. |
| 01/07/2025 | Date of signature on the Form 4 filing. |
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