Company: CZR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093716
Chunk: 47

Company: Caesars Entertainment, Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 47
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 the gaming/casino industry.

| 35 |

Based on the Compensation Committee’s evaluation of the executive officers annual incentive compensation and competitive market data, the Compensation Committee determined that the 2024 target bonus opportunities, as a percentage of base salary, of the executive officers would remain unchanged from the 2023 target bonus opportunities. The Compensation Committee approved the following target bonus opportunities for the 2024 calendar year:

| EXECUTIVE NAME          |     | 2024 TARGET OPPORTUNITY 
 (AS A % OF BASE SALARY) |     | 2023 TARGET OPPORTUNITY 
 (AS A % OF BASE SALARY) |     | Change    |
| Thomas R. Reeg          |     | 200%                    |     | 200%                    |     | No Change |
| Bret Yunker             |     | 125%                    |     | 125%                    |     | No Change |
| Anthony L. Carano       |     | 125%                    |     | 125%                    |     | No Change |
| Edmund L. Quatmann, Jr. |     | 100%                    |     | 100%                    |     | No Change |
| Stephanie Lepori        |     | 100%                    |     | 100%                    |     | No Change |

With respect to the Adjusted EBITDA financial metric, performance levels for threshold and maximum bonus opportunities were also established at the beginning of 2024 by the Compensation Committee as they are based on a percentage of the approved target opportunity. The following table sets forth the threshold, target, and maximum levels established under the 2024 annual incentive plan at the beginning of 2024, based on the budget for 2024, and the level actually achieved based on performance:

| PERFORMANCE LEVEL |     | PERFORMANCE REQUIREMENT |     |   |    CONSOLIDATED 
 ADJUSTED EBITDA 
        (‘000’S) |     | PAYOUT     
 PERCENTAGE 
 OF TARGET  |
|:------------------|:----|:------------------------|:----|:--|----------------:|:----|:-----------|
| Threshold         |     | 90% of target goal      |     | $ |       3,645,000 |     | 50.0%      |
| Target            |     | 100% of target goal     |     | $ |       4,050,000 |     | 100.0%     |
| Maximum           |