PENN

SEC source: 0000950170-25-039552 · ownership.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,131,782

F1 · shares: Represents restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the third year's performance goal.

SEC source: 0000950170-25-029238 · ownership.xml · nonDerivative · entry 2

Rogers Christopher Byron · CIK 0001901955 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 87,480

F2 · shares: Reflects Common Stock withheld by the Issuer to satisfy tax withholding obligations upon the vesting of performance units under the 2022 Performance Plan. This is not an open market sale of securities.

SEC source: 0000950170-25-029238 · ownership.xml · nonDerivative · entry 1

Rogers Christopher Byron · CIK 0001901955 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,157

F1 · shares: Represents restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the third year's performance goal.

SEC source: 0000950170-25-029237 · ownership.xml · nonDerivative · entry 2

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 112,133

F2 · shares: Reflects Common Stock withheld by the Issuer to satisfy tax withholding obligations upon the vesting of performance units under the 2022 Performance Plan. This is not an open market sale of securities.

SEC source: 0000950170-25-029237 · ownership.xml · nonDerivative · entry 1

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 121,734

F1 · shares: Represents restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the third year's performance goal.

SEC source: 0000950170-25-029227 · ownership.xml · nonDerivative · entry 2

George Todd · CIK 0001833935 · EVP, Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 133,036

F2 · shares: Reflects Common Stock withheld by the Issuer to satisfy tax withholding obligations upon the vesting of performance units under the 2022 Performance Plan. This is not an open market sale of securities.

SEC source: 0000950170-25-029227 · ownership.xml · nonDerivative · entry 1

George Todd · CIK 0001833935 · EVP, Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 138,792

F1 · shares: Represents restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the third year's performance goal.

SEC source: 0000950170-25-003062 · ownership.xml · derivative · entry 5

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,634 shares

Expires 2025-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-003062 · ownership.xml · derivative · entry 4

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,994

Underlying: Common Stock · 12,994 shares

Expires 2026-01-03

F3 · derivative.exercise_price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

F3 · price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

SEC source: 0000950170-25-003062 · ownership.xml · nonDerivative · entry 2

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,541

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-003062 · ownership.xml · nonDerivative · entry 1

SHATTUCK KOHN BARBARA · CIK 0001013803 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 38,175

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-003059 · ownership.xml · derivative · entry 2

Rogers Christopher Byron · CIK 0001901955 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,579

Underlying: Common Stock · 64,579 shares

Expires 2035-01-03

F2 · derivative.exercise_date: The stock options vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-003059 · ownership.xml · nonDerivative · entry 1

Rogers Christopher Byron · CIK 0001901955 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 87,478

F1 · shares: Represents restricted stock units that vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-003053 · ownership.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 312,941

F1 · shares: The securities reported are shares of restricted stock that vest on January 3, 2026. The reporting person elected to receive the 2025 annual equity award for directors in shares of restricted stock.

SEC source: 0000950170-25-003046 · ownership.xml · derivative · entry 1

DHANDA ANUJ · CIK 0001797932 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,994

Underlying: Common Stock · 12,994 shares

Expires 2026-01-03

F1 · derivative.exercise_price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

F1 · price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

SEC source: 0000950170-25-003039 · ownership.xml · derivative · entry 1

Kaplowitz Marla · CIK 0001833695 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,994

Underlying: Common Stock · 12,994 shares

Expires 2026-01-03

F1 · derivative.exercise_price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

F1 · price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

SEC source: 0000950170-25-003033 · ownership.xml · derivative · entry 2

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 72,651

Underlying: Common Stock · 72,651 shares

Expires 2035-01-03

F2 · derivative.exercise_date: The stock options vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-003033 · ownership.xml · nonDerivative · entry 1

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 116,777

F1 · shares: Represents restricted stock units that vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-003031 · ownership.xml · derivative · entry 4

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,634 shares

Expires 2025-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-003031 · ownership.xml · derivative · entry 3

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,994

Underlying: Common Stock · 12,994 shares

Expires 2026-01-03

F2 · derivative.exercise_price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

F2 · price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

SEC source: 0000950170-25-003031 · ownership.xml · nonDerivative · entry 2

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,587

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-003031 · ownership.xml · nonDerivative · entry 1

NAPLES RONALD J · CIK 0001133696 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 30,221

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-003013 · ownership.xml · nonDerivative · entry 1

SCACCETTI JANE · CIK 0001179559 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,318

F1 · shares: The securities reported are shares of restricted stock that vest on January 3, 2026. The reporting person elected to receive the 2025 annual equity award for directors in shares of restricted stock.

SEC source: 0000950170-25-003008 · ownership.xml · derivative · entry 2

George Todd · CIK 0001833935 · EVP, Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,904

Underlying: Common Stock · 100,904 shares

Expires 2035-01-03

F2 · derivative.exercise_date: The stock options vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-003008 · ownership.xml · nonDerivative · entry 1

George Todd · CIK 0001833935 · EVP, Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 133,243

F1 · shares: Represents restricted stock units that vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-002994 · ownership.xml · derivative · entry 2

Snowden Jay A · CIK 0001532579 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 372,269

Underlying: Common Stock · 372,269 shares

Expires 2035-01-03

F2 · derivative.exercise_date: The stock options vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-002994 · ownership.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,099,926

F1 · shares: Represents restricted stock units that vest in three equal annual installments beginning on January 3, 2026.

SEC source: 0000950170-25-002987 · ownership.xml · derivative · entry 1

Black Gupta Vimla · CIK 0001866911 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,994

Underlying: Common Stock · 12,994 shares

Expires 2026-01-03

F1 · derivative.exercise_price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

F1 · price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

SEC source: 0000950170-25-002972 · ownership.xml · derivative · entry 5

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,634 shares

Expires 2025-01-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-002972 · ownership.xml · derivative · entry 4

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,994

Underlying: Common Stock · 12,994 shares

Expires 2026-01-03

F3 · derivative.exercise_price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

F3 · price: The reporting person will receive a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock. The reporting person elected to receive the 2025 annual equity award for directors in phantom stock units.

SEC source: 0000950170-25-002972 · ownership.xml · nonDerivative · entry 2

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,055

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-25-002972 · ownership.xml · nonDerivative · entry 1

Reibstein Saul · CIK 0001495392 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,689

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: The reporting person receives a cash payment for each phantom stock unit equal to the fair market value on the vesting date of one share of the Company's common stock.

SEC source: 0000950170-24-106003 · ownership.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 293,450

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $17.475 to $17.51, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0000950170-24-104571 · ownership.xml · nonDerivative · entry 1

DHANDA ANUJ · CIK 0001797932 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 31,523

SEC source: 0000950170-24-102992 · ownership.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 853,045

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.15 to $18.76, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001140361-24-028355 · form4.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 283,450

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.90 to $14.95, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001140361-24-024955 · form4.xml · nonDerivative · entry 2

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By Foundation

Disclosed balance after: 20,000

F2 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.8290 to $15.8499, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4.

SEC source: 0001140361-24-024956 · form4.xml · nonDerivative · entry 1

DHANDA ANUJ · CIK 0001797932 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,523

F1 · shares: The securities reported are shares of restricted stock that vest on May 6, 2025. The reporting person elected to receive the 2024 annual equity award for directors in shares of restricted stock.

SEC source: 0001140361-24-024957 · form4.xml · nonDerivative · entry 1

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 68,596

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.465 to $15.48, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001140361-24-024955 · form4.xml · nonDerivative · entry 1

HANDLER DAVID A · CIK 0001218092 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 243,450

F1 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.335 to $15.38, inclusive. The reporting person undertakes to provide to PENN Entertainment, Inc., any security holder of PENN Entertainment, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.

SEC source: 0001140361-24-013246 · form4.xml · nonDerivative · entry 3

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 798,845

F3 · shares: Restricted units credited to the Reporting Person from a performance unit award granted in 2023 due to the achievement of the first year's performance goal.

SEC source: 0001140361-24-013246 · form4.xml · nonDerivative · entry 2

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 731,654

F2 · shares: Restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the second year's performance goal.

SEC source: 0001140361-24-013246 · form4.xml · nonDerivative · entry 1

Snowden Jay A · CIK 0001532579 · Director · President and CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 690,116

F1 · shares: Reflects an incremental increase to the previously reported restricted stock underlying the 2021 performance share awards granted at target to the Reporting Person. This is forthe third and final achievement adjustment under the 2021 Performance Plan. The total vested shares under this plan is 46,376. The Reporting Person elected to satisfy allapplicable tax withholding obligations with a cash payment.

SEC source: 0001140361-24-011173 · form4.xml · nonDerivative · entry 3

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 52,439

F3 · shares: Restricted units credited to the Reporting Person from a performance unit award granted in 2023 due to the achievement of the first year's performance goal.

SEC source: 0001140361-24-011173 · form4.xml · nonDerivative · entry 2

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 34,640

F2 · shares: Restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the second year's performance goal.

SEC source: 0001140361-24-011173 · form4.xml · nonDerivative · entry 1

Hendrix Felicia · CIK 0001843979 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,176

F1 · shares: Reflects an incremental increase to the previously reported restricted stock underlying the 2021 performance share awards granted at target to the Reporting Person. This is for the third and final achievement adjustment under the 2021 Performance Plan. The total vested shares under this plan is 8,932. The Reporting Person elected to satisfy all applicable tax withholding obligations with a cash payment.

SEC source: 0001140361-24-011165 · form4.xml · nonDerivative · entry 2

George Todd · CIK 0001833935 · EVP, Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,432

F2 · shares: Restricted units credited to the Reporting Person from a performance unit award granted in 2022 due to the achievement of the second year's performance goal.

SEC source: 0001140361-24-011165 · form4.xml · nonDerivative · entry 1

George Todd · CIK 0001833935 · EVP, Operations

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 39,196

F1 · shares: Reflects an incremental increase to the previously reported restricted stock underlying the 2021 performance share awards granted at target to the Reporting Person. This is for the third and final achievement adjustment under the 2021 Performance Plan. The total vested shares under this plan is 9,963. The Reporting Person elected to satisfy all applicable tax withholding obligations with a cash payment.

SEC source: 0001140361-24-011163 · form4.xml · nonDerivative · entry 4

Rogers Christopher Byron · CIK 0001901955 · EVP and Chief Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,651

F4 · shares: Reflects Common Stock withheld by the Issuer to satisfy tax withholding obligations upon the vesting of restricted stock under the 2021 Performance Plan. This is not an open market sale of securities.

SEC source: 0001140361-24-011163 · form4.xml · nonDerivative · entry 3

Rogers Christopher Byron · CIK 0001901955 · EVP and Chief Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,905

F3 · shares: Restricted units credited to the Reporting Person from a performance unit award granted in 2023 due to the achievement of the first year's performance goal.