PENN Entertainment (PENN) director receives 17,077 restricted stock award

Rhea-AI Filing Summary

FOX JEFFREY H reported acquisition or exercise transactions in this Form 4 filing.

PENN Entertainment, Inc. director Jeffrey H. Fox reported a grant of 17,077 shares of common stock as restricted stock. The award was received at no cash cost as compensation, not an open-market purchase. These restricted shares are scheduled to vest on March 9, 2027, and represent his entire reported direct holding after the grant.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FOX JEFFREY H

(Last) (First) (Middle)

825 BERKSHIRE BLVD., SUITE 200

(Street)

WYOMISSING PA 19610

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PENN Entertainment, Inc. [ PENN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/09/2026		A		17,077(1)	D	$0	17,077	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities reported are shares of restricted stock that vest on March 9, 2027.

	/s/ Joshua Sidsworth, Attorney-in-Fact for Jeffrey H. Fox	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did PENN director Jeffrey H. Fox report?

Jeffrey H. Fox reported receiving a grant of 17,077 shares of PENN Entertainment common stock. The filing classifies this as a grant or award acquisition, meaning it is compensation stock rather than shares bought on the open market.

Are Jeffrey H. Fox’s new PENN shares immediately vested or restricted?

The 17,077 shares are restricted stock that vest on March 9, 2027. Until vesting, they are subject to forfeiture conditions, so Fox does not have unrestricted access to sell them like fully vested, freely tradable common shares.

Did Jeffrey H. Fox buy PENN stock in the open market with this Form 4?

No, the Form 4 shows a grant of 17,077 restricted shares at a reported price of $0.00 per share. This indicates compensation-based stock, not an open-market purchase involving cash paid by the director for the shares.

How many PENN shares does Jeffrey H. Fox hold after this reported grant?

After this award, Jeffrey H. Fox is shown as directly holding 17,077 shares of PENN common stock. This total matches the size of the restricted stock grant, indicating the grant represents his entire reported direct ownership position in this filing.

Does Jeffrey H. Fox’s PENN stock grant signal bullish or bearish sentiment?

The transaction reflects a compensation grant, not a discretionary buy or sell decision. Because the shares were awarded rather than purchased or sold in the market, it provides limited insight into Fox’s short-term view of PENN’s share price direction.