Penn Entertainment shareholders were more accepting of CEO Jay Snowden‘s 2026 pay package than they were last year. Last week, 77.5% of shareholder votes approved the executive pay package, which only included changes to Snowden’s compensation, at Penn’s annual meeting. That is up significantly from less than 33% approval received at last year’s meeting.
Penn announced in April that Snowden could earn up to $17.4 million this year, down from a maximum of $25.3 million last year.
Penn’s stock closed Monday at $20.83, up nearly 21% from late April when the proposed pay reduction was first announced.
The 2025 annual meeting resulted in two new board members suggested by HG Vora, which launched a proxy battle in the hopes of forcing change.
