Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 954

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 954
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94 million, $104 million and $101 million during the years ended December 31, 2024, 2023 and 2022, respectively. These amounts are included in Corporate expenses in the Company’s Statements of Operations.Restricted Stock Unit ActivityDuring the year ended December 31, 2024, the Company granted RSUs to employees of the Company with an aggregate fair value of $88 million. Each RSU represents the right to receive payment in respect of one share of the Company’s Common Stock. A summary of the RSUs activity for the year ended December 31, 2024 is presented in the following table: UnitsWeighted Average Grant Date Fair Value (a)Unvested outstanding as of December 31, 20231,922,419 $60.11 Granted (b)2,020,005 43.77 Vested(1,055,671)62.64 Forfeited(217,942)49.06 Unvested outstanding as of December 31, 20242,668,811 47.64 ____________________(a)Represents the weighted-average grant date fair value of RSUs, which is the share price of our common stock on the grant date.(b)Included are 45,800 RSUs granted to non-employee members of the Board during the year ended December 31, 2024.Performance Stock Unit ActivityDuring the year ended December 31, 2024, the Company granted PSUs to employees of the Company with an aggregate fair value of $5 million as of December 31, 2024. On the vesting date, recipients will receive between 0% and 200% of the target number of PSUs granted, in the form of Company Common Stock, based on the achievement of specified performance conditions and terms of the underlying award agreement. The fair value of the PSUs is based on the market price of our common stock when a mutual understanding of the key terms and conditions of the awards between the Company and recipient is achieved. The awards are remeasured each period until such an understanding is reached.A summary of the PSUs activity for the year ended December 31, 2024 is presented in the following table: UnitsWeighted Average Grant Date Fair Value (a)Unvested outstanding as of December 31, 2023328,230 $46.88 Granted161,688 33.42 Performance Adjustment27,314 V