56°F
weather icon Mostly Clear

Caesars executives receive shares of company

Updated April 1, 2020 - 11:11 am

Eight executives of Caesars Entertainment Corp. have received thousands of dollars of company stock as part of an annual vesting event that was a part of their compensation packages.

Securities and Exchange Commission filings Tuesday showed eight reportable transactions for Caesars stock.

More than 78,000 Caesars shares worth more than $535,000 were distributed as part of the company’s long-term incentive plan, the filings show.

According to the individual statements of changes in beneficial ownership filings, the Caesars stock vesting occurred Friday.

A summary of the Caesars vesting event:

-Thomas Jenkin, global president of destination markets, received 21,530 shares of common stock at $6.85 a share, valued at $147,480.

-Eric Hession, executive vice president and chief financial officer, received 18,105 shares of common stock at $6.85 a share, valued at $124,019.

-Christopher Holdren, executive vice president and chief marketing officer, received 13,448 shares of common stock at $6.85 a share, valued at $92,119.

-Monica Digilio, executive vice president and chief human resources officer, received 9,187 shares of common stock at $6.85 a share, valued at $62,931.

-Christian Stuart, executive vice president of gaming and interactive entertainment, received 5,224 shares of common stock at $6.85 a share, valued at $35,784.

-Richard Broome, executive vice president of communications and government relations, received 4,812 shares of common stock at $6.85 a share, valued at $32,962.

-Keith Causey, senior vice president and chief accounting officer, received 3,424 shares of common stock at $6.85 a share, valued at $23,454.

-Michelle Bushore, executive vice president, general counsel and secretary, received 2,473 shares of common stock at $6.85 a share, valued at $16,940.

Caesars shares closed up 5.3 percent, 34 cents, to $6.76 a share in slightly-below-average volume trading.

A previous version of this story incorrectly reported the nature of the Caesars stock transactions.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

Don't miss the big stories. Like us on Facebook.
THE LATEST
What are the oldest casinos on the Las Vegas Strip?

The Tropicana closure will take out the third-oldest casino on the Strip, whose historic skyline has a tendency to look different every few decades.

When will the Strip see another new hotel-casino?

Experts weigh in on the lending and development outlook as more than 10,000 hotel rooms are in planning and construction phases this year.

 
Shuttered downtown Las Vegas casino up for sale

The historic property, which was closed in 2012, is listed by Logic Commercial Real Estate, which has sold a number of Tony Hsieh’s estate’s properties to its own owner.