Company: CZR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093716
Chunk: 63

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 63
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 |     |           — |     |           |  19,826 |     |           |   882,059 |
| Time-based(3)                     |     | 1/26/2024  |     |                          |             — |     |          — |     |           — |     |                                     |             — |     |          — |     |           — |     |           |  14,750 |     |           |   656,228 |
| Performance-based Adjusted EBITDA |     | 1/26/2024  |     |                          |             — |     |          — |     |           — |     |                                     |         1,983 |     |      3,965 |     |       7,930 |     |           |       — |     |           |   176,403 |
| Performance-based rTSR            |     | 1/26/2024  |     |                          |             — |     |          — |     |           — |     |                                     |         7,931 |     |     15,861 |     |      31,722 |     |           |       — |     |           |   928,820 |

| (1) | Represents threshold, target and maximum annual incentive program opportunities under the 2024 annual incentive program. The actual amount earned for 2024 is shown in the “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table. |

| (2) | Amounts shown represent the aggregate grant date fair value of RSUs and PSUs computed in accordance with Accounting Standards Codification 718. For a discussion of valuation assumptions, see Note 12 in our Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K filed with the SEC on February 25, 2025. Key assumptions used in the Monte Carlo simulation for determining the grant date fair value of the 2024 relative TSR PSUs included: (i) the expected term and remaining performance period of 2.93 years; (ii) a risk-free rate of 4.12% derived from two and three year continuously compounded semi-annual zero-coupon U.S. Treasury rates, interpolated to determine a 2.93 year maturity; (iii) a dividend yield of 0%; and (iv) an expected volatility of 55.05% based on the historical volatility of the Company and each member of the S&P