Welcome to our dedicated page for PENN Entertainment SEC filings (Ticker: PENN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
PENN Entertainment, Inc. filings document the regulatory record of a gaming and entertainment operator with retail casinos, racetracks, online sports betting and iCasino operations. Its proxy materials describe board structure, director elections, shareholder proposals, governance practices and executive compensation matters, including issues tied to a classified board and board refreshment.
Material-event filings cover credit agreements, refinancing activity, senior notes, cooperation agreements, organizational realignment, leadership and compensation matters, and Regulation FD disclosures. The company’s SEC record also includes operating and financial results, capital-structure disclosures, risk and regulatory considerations for a licensed gaming business, and formal documentation of agreements affecting debt, governance and corporate oversight.
PENN Entertainment director Fabio Schiavolin received a grant of 17,077 shares of common stock as restricted stock. The award was made at no cash cost to him and is classified as a non-derivative acquisition. These restricted shares are scheduled to vest on March 9, 2027, and his direct holdings after the grant total 17,077 shares.
ACE HEATHER S reported acquisition or exercise transactions in this Form 4 filing.
PENN Entertainment, Inc. director Heather S. Ace reported receiving a grant of 17,077 shares of common stock as equity compensation. The award is structured as restricted stock with no cash paid per share. These shares are scheduled to vest on March 9, 2027, aligning her interests with long-term company performance.
PENN Entertainment, Inc. director Fabio Schiavolin filed an initial statement of beneficial ownership on Form 3. The filing lists him as a director of the company and does not report any equity transactions or holdings details in the provided data.
PENN Entertainment, Inc. filed an initial insider ownership report for board member Jeffrey H. Fox. This Form 3 establishes his status as a director subject to insider reporting rules but does not list any share transactions or changes in ownership.
PENN Entertainment, Inc. reported that Heather S. Ace is now an insider subject to reporting rules as a director, through the filing of an initial ownership statement on Form 3. This filing lists her status but does not report any stock transactions or share holdings.
PENN Entertainment director Jane Scaccetti bought additional company stock. She made an open-market purchase of 8,000 shares of PENN Entertainment common stock at a weighted average price of $15.09 per share, in multiple trades priced between $15.05 and $15.12.
After this transaction, she directly owns 117,153 shares of PENN Entertainment common stock. The purchase reflects a net increase in her holdings, as there were no reported stock sales in this filing.
PENN Entertainment executive vice president and CFO Felicia Hendrix reported equity compensation activity. She acquired 24,627 shares of common stock as restricted units credited from a 2023 performance unit award after achieving a two-year performance goal. The company then withheld 17,133 shares at $12.54 per share to cover tax obligations upon vesting, a tax-withholding disposition that was not an open market sale. After these transactions, she directly owned 182,356 shares of PENN common stock.
PENN Entertainment officer Christopher Byron Rogers received a grant of 14,404 shares of Common Stock on February 26, 2026, credited as restricted units from a 2023 performance award after meeting a two-year goal. On the same date, 7,070 shares were withheld to satisfy tax obligations, not sold in the open market. After these events, Rogers directly holds 149,434 shares of PENN common stock.
PENN Entertainment describes a large North American gaming and interactive platform spanning 42 gaming and racing properties in 19 U.S. states, 33 retail sportsbooks in 14 states, and online sports betting in 22 jurisdictions plus iCasino in five across the U.S. and Canada.
The company emphasizes its shift in digital strategy after ending its U.S. sportsbook agreement with ESPN effective December 1, 2025, rebranding U.S. online sports betting to theScore Bet and focusing on U.S. iCasino and Canadian operations. PENN also highlights heavy use of triple net leases with GLPI and VICI, with lease payments of $967.8 million and total indebtedness of $2.9 billion as of December 31, 2025.
Risk disclosures stress intense competition (including prediction markets), economic sensitivity of discretionary gaming spend, seasonality, activist shareholder pressures, and reliance on key regions such as Ohio, Louisiana, Missouri, and Pennsylvania, which together supplied over 40% of 2025 retail revenues.
PENN Entertainment reported higher revenue but continued losses for the quarter and year ended December 31, 2025. Fourth quarter revenue rose to $1,806.2 million from $1,669.0 million, while net loss narrowed to $73.4 million and Consolidated Adjusted EBITDA increased to $225.8 million from $165.2 million. Diluted loss per share improved to $(0.55), and Adjusted EPS turned positive at $0.07 versus $(0.44).
For the full year, revenue grew to $6,961.0 million, but net loss widened to $845.3 million, driven in part by $945.3 million of impairment losses. Consolidated Adjusted EBITDA rose to $830.1 million. The Interactive segment delivered record gaming revenue with fourth quarter revenue of $398.7 million and a reduced Adjusted EBITDA loss of $39.9 million. Liquidity totaled $1.1 billion, including $686.6 million in cash, and traditional net debt was $2.2 billion, with lease-adjusted net leverage at 6.8x and traditional net leverage at 4.5x. Management highlighted expected 2026 segment Adjusted EBITDAR growth of 20%, plans to achieve break-even Adjusted EBITDA in Interactive, more than $10.0 million in annualized corporate cost savings, and goals to reduce leverage while continuing targeted growth and capital projects.