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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.
PENN Entertainment, Inc. announced that it has filed with the U.S. District Court for the Eastern District of Pennsylvania the report of a special litigation committee formed in response to shareholder derivative claims brought by HG Vora Capital Management, LLC and others. The claims alleged that PENN’s Board of Directors breached its fiduciary duties when it decreased the number of Class II directors from three to two and reduced the overall Board size from nine to eight.
The special litigation committee, made up of two disinterested and independent individuals supported by outside counsel, concluded that the Board acted on an informed basis, in good faith and in the best interests of PENN in making these Board size changes. Based on its review of the shareholder claims, allegations, factual materials and legal authority, the committee determined it would not be in PENN’s best interests to pursue the HG Vora derivative claims or take other action.
PENN Entertainment (PENN) executive Felicia Hendrix reported an open-market stock purchase. On 11/21/2025, the EVP and CFO acquired 7,315 shares of PENN common stock in a transaction reported at a weighted average price of $13.79 per share, with individual trades ranging from $13.68 to $13.86. Following this purchase, she beneficially owns 119,448 shares of PENN common stock held directly.
PENN Entertainment, Inc. director Vimla Black-Gupta reported a sale of company stock in a Form 4 filing. On 11/14/2025, she sold 7,987 shares of PENN common stock at a price of $14.51 per share. After this transaction, she directly beneficially owns 25,000 PENN shares, indicating she retains a meaningful equity stake in the company.
PENN Entertainment, Inc. (PENN) director David A. Handler reported a purchase of company stock. On 11/17/2025, he acquired 20,000 shares of PENN common stock in an open market transaction coded "P" at a price of $14.25 per share. Following this transaction, he beneficially owned 362,941 shares directly. An additional 20,000 shares were reported as indirectly owned through a foundation, indicating both personal and charitable exposure to PENN’s equity.
PENN Entertainment (PENN) reported an insider purchase by CEO and President Jay A. Snowden. On 11/07/2025, Snowden bought 34,700 shares of common stock in open-market transactions at a weighted average price of $14.321 per share. Following this purchase, he beneficially owns 1,117,325 shares, held directly.
The filing notes the trades were executed across multiple prices ranging from $14.235 to $14.35, and the reporting person undertakes to provide full trade-by-trade details upon request. Snowden also serves as a Director of the company. No derivative securities were reported in this filing.
PENN Entertainment reported third-quarter results marked by a non-cash $825.0 million impairment tied to its Interactive unit after agreeing to end the ESPN BET trademark arrangement, with exclusive use concluding on December 1, 2025. The company plans to rebrand its U.S. online sportsbook to theScore Bet, subject to regulatory approvals.
Revenue rose to $1,717.3 million from $1,639.2 million, driven by higher gaming and other revenues across segments, but the impairment pushed net loss to $865.1 million (basic and diluted loss per share $6.03). Year to date, operating cash flow was strong at $401.0 million, while capital expenditures totaled $457.3 million. PENN repurchased $269.4 million of common stock and $223.8 million of convertible debt through nine months.
Goodwill decreased to $1,784.8 million from $2,563.1, reflecting the impairment. Cash and cash equivalents were $660.1 million, with long‑term debt at $2,796.3 million. Shares outstanding were 137,719,193 as of September 30, 2025; exchangeable shares outstanding were 379,941.
PENN Entertainment announced an early end to its sportsbook partnership with ESPN, effective December 1, 2025. PENN will cease using ESPN trademarks, rebrand its sportsbook to theScore Bet (or another brand at its discretion), end ESPN integrations and exclusivities, and remove ESPN account linking. PENN will pay ESPN $38.1 million in Q4 2025 for fees through the termination date and an additional $5 million afterward for traditional media supporting theScore Bet and/or Hollywood iCasino. ESPN agreed not to license or operate a U.S. sportsbook named “ESPN BET” for 15 months after the termination date. Each party retains ownership of its end user data.
Concurrently, PENN and ESPN amended their Investment Agreement: as of November 5, 2025, vested warrants consist of Tranche A 3,177,610 shares at $26.08, Tranche B 3,200,930 at $29.99, and Tranche C 1,578,670 at $32.60; unvested portions were forfeited, and no Bonus Warrant will be issued. The Purchaser Board Observer will resign on December 1, 2025. The Board also approved a new $750 million share repurchase authorization running 2026–2028, which follows the current program expiring December 31, 2025.
Johnny Hartnett, a director of PENN Entertainment, received 14,775 phantom stock units as his 2025 annual director equity award, granted on 08/08/2025. These units are cash-settled: each unit entitles the holder to a cash payment equal to the fair market value of one share on the vesting date. The units are listed as exercisable/vesting on 08/08/2026 and are reported as directly beneficially owned following the award. The reporting form indicates the director elected to receive the award in phantom stock units rather than actual shares, creating a future cash obligation tied to the company’s share price at vesting.
Carlos Ruisanchez, a director of PENN Entertainment, received 14,775 shares of restricted common stock as his 2025 annual director equity award, recorded with a transaction date of 08/08/2025 and an acquisition price of $0.
The restricted shares are scheduled to vest on 08/08/2026. Following the reported transaction the filing shows the reporting person beneficially owns 15,975 shares directly and 1,950 shares indirectly through a trust. The filing states the director elected to receive the 2025 award in shares of restricted stock.