Hartnett gets 16,835 restricted shares at PENN Entertainment (PENN)

Rhea-AI Filing Summary

PENN Entertainment director Johnny Hartnett reported an equity award of company stock. On January 5, 2026, he received 16,835 shares of PENN Entertainment common stock as a grant recorded at a price of $0 per share, indicating it is compensation rather than an open-market purchase.

The filing notes these are shares of restricted stock that will vest on January 5, 2027, meaning Hartnett must satisfy service or other conditions until that date before the shares fully vest. Following this grant, he beneficially owns 16,835 shares directly, reflecting his reported stake in the company’s common stock.

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^*

Hartnett Johnny

(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)
01/05/2026

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	01/05/2026		A		16,835(1)	A	$0	16,835	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 January 5, 2027.

	/s/ Joshua Sidsworth, Attorney-in-Fact for Johnny Hartnett	01/06/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did PENN (PENN) disclose for Johnny Hartnett?

The company reported that director Johnny Hartnett received an award of 16,835 shares of PENN Entertainment common stock on January 5, 2026, recorded at a price of $0 per share as an equity compensation grant.

What type of shares did Johnny Hartnett receive from PENN (PENN)?

The shares are restricted stock of PENN Entertainment, meaning they are subject to vesting conditions and are not fully transferable until those conditions are met.

When do Johnny Hartnett’s PENN (PENN) restricted shares vest?

The filing states that the 16,835 restricted shares granted to Johnny Hartnett vest on January 5, 2027, at which point the restrictions are scheduled to lapse.

How many PENN (PENN) shares does Johnny Hartnett beneficially own after this grant?

After the reported transaction, Johnny Hartnett beneficially owns 16,835 shares of PENN Entertainment common stock, all reported as held in direct ownership.

Was cash paid for the PENN (PENN) shares granted to Johnny Hartnett?

No cash was paid according to the filing. The 16,835 restricted shares were reported at a price of $0 per share, consistent with a stock-based compensation award.

What SEC form reported Johnny Hartnett’s PENN (PENN) stock grant?

The transaction was disclosed on a Form 4, which reports changes in beneficial ownership of PENN Entertainment equity securities by insiders such as directors and officers.