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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 9/22/22 |
Issuer: |
| Issuer CIK: 921738 |
| Issuer Name: PENN Entertainment, Inc. |
| Issuer Trading Symbol: PENN |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1833935 |
| | Owner Name: George Todd |
| Reporting Owner Address: |
| | Owner Street 1: 825 BERKSHIRE BLVD. |
| | Owner Street 2: SUITE 200 |
| | Owner City: WYOMISSING |
| | Owner State: PA |
| | Owner ZIP Code: 19610 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Officer? Yes |
| | Officer Title: EVP, Operations |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/22/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 9,989 |
| | | Transaction Price Per Share: |
| Value: 0 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 50,701 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 9/22/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: D |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 9,989 |
| | | Transaction Price Per Share: |
| Value: 29.14 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 40,712 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Phantom Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 9/22/22 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 9,989 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Footnote ID: F1 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 9,989 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 11,415 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Each phantom stock unit is the economic equivalent of one share of the registrant's common stock. The phantom stock units vest in three installments as follows: 7,135 phantom stock units vested on September 22, 2021, 9,989 phantom stock units vested on September 22, 2022, and 11,415 phantom stock units vest on September 22, 2023. |
Owner Signature: |
| Signature Name: Harper Ko, Attorney-in-Fact for Todd George |
| Signature Date: 9/26/22 |