Company: CZR
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001590895-25-000068
Chunk: 98

Company: Caesars Entertainment, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 98
---
Us 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, 2023872,019 $85.11 Granted435,536 58.56 Performance Adjustment(154,420)Vested(18,713)63.99 Forfeited(38,318)77.95 Unvested outstanding as of December 31, 20241,096,104 73.15 ____________________(a)Represents the grant date fair value determined using a Monte Carlo simulation model.Stock Option ActivityThere was no stock option activity during the year ended December 31, 2024.Stock Option ExercisesYears Ended December 31,(Dollars in millions)202420232022Option Exercises:Number of options exercised— 88 43,384 Cash received for options exercised$— $— $1 Aggregate intrinsic value of options exercised$— $— $2 Unrecognized Compensation CostAs of December 31, 2024, the Company had $105 million of unrecognized compensation expense, which is expected to be recognized over a weighted-average period of 1.8 years.Accumulated Other Comprehensive IncomeThe changes in AOCI by component, net of tax, for the periods through December 31, 2024 and 2023 are shown below.Changes in AOCI by component, net of tax(In millions)Unrealized Net Gains on Derivative InstrumentsForeign Currency Translation Adjustments OtherTotal Balances as of December 31, 2022$94 $(1)$(1)$92 Other comprehensive income before reclassifications— 1 4 5 Total other comprehensive income, net of tax— 1 4 5 Balances as of December 31, 2023$94 $— $3 $97 Other comprehensive loss before reclassifications— — (1)(1)Total other comprehensive loss, net of tax— — (1)(1)Balances as of December 31, 2024$94 $— $2 $96 Share Repurchase ProgramOn November 8, 2018, the Company announced that its Board of Directors authorized a $150 million common stock repurchase program (the “2018 Share Repurchase Program”). For the year ended December 31, 2024, the