Company: CZR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093716
Chunk: 71

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 71
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 amounts included under “Other Benefits” includes the amounts payable in respect of COBRA continuation and outplacement services, as applicable. Under the executive employment agreements, upon the occurrence of an NEO’s death, they would receive a pro-ratedtarget annual incentive bonus for such year, and upon the occurrence of an NEO’s disability, they would receive a pro-ratedtarget annual incentive bonus for such year, plus continuation of COBRA benefits for 12 months. The amount shown under “Cash Severance” in the table above under these scenarios includes a full target incentive bonus amount for the year of termination, assuming such event occurred on December 31, 2024, given there would be no pro-ration. Under the terms of the PSUs and RSUs granted during 2022, 2023, and 2024 (other than Mr. Reeg’s performance-based grant made in 2022), upon a termination as a result of the executive’s death or disability, other than during the 18-monthperiod following a change of control, all unvested RSUs would become vested, and upon death, disability or retirement, a pro-ratedportion of the PSUs would remain eligible to be earned following the end of the performance period based on actual performance. Additionally, for awards granted during 2023 and 2024, upon a termination by the Company without “cause” or by the executive for “good reason”, other than during the 18-monthperiod following a change in control, a pro-ratedportion of the next

| 52 |     | 2025 PROXY STATEMENT |

#### tranche of RSUs would become vested, and apro-ratedportion of the PSUs would remain eligible to be earned following the end of the performance period based on actual performance. For purposes of the chart above, we have assumed “target” level performance was achieved for purposes of calculating the future performance periods of unvested PSUs in these termination scenarios.The award agreement for Mr. Reeg’s performance-based grant made in 2022 provides that, upon termination by the Company without cause, by Mr. Reeg for good reason, or as a result of his death or disability, any awards that have not yet been earned based on the applicable stock price hurdles would be forfeited. For purposes of the chart above, $0 has been included in respect of this award due to the fact that, as of December 31, 2024, none of the stock price hurdles had been met.For purposes of calculating the value of RS