Barbara Shattuck - Jan 3, 2025 Form 4 Insider Report for PENN Entertainment, Inc. (PENN)

Role: Director
Signature: /s/ Joshua Sidsworth, Attorney-In-Fact for Barbara Shattuck Kohn
Stock symbol: PENN
Transactions as of: Jan 3, 2025
Transactions value $: -$185,358
Form type: 4
Date filed: 1/7/2025, 05:33 PM
Previous filing: Jul 2, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PENN	Common Stock	Options Exercise		+9.63K	+33.75%		38.2K	Jan 3, 2025	Direct	F1
transaction	PENN	Common Stock	Disposed to Issuer	-$185K	-9.63K	-25.24%	$19.24	28.5K	Jan 3, 2025	Direct	F1
holding	PENN	Common Stock						1.75K	Jan 3, 2025	By Spouse	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PENN	Phantom Stock Units	Award		+13K			13K	Jan 3, 2025	Common Stock	13K		Direct	F3
transaction	PENN	Phantom Stock Units	Options Exercise		-9.63K	-100%		0	Jan 3, 2025	Common Stock	9.63K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person receives 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.
F2	The reporting person disclaims beneficial ownership of the shares owned by the estate of her late spouse.
F3	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. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.