Bally's Corporation Grants Stock Options to CEO Robeson Reeves and President George Papanier Under New Compensation Plan
Bally's Corporation has announced new compensation terms for two of its top executives. Chief Executive Officer Robeson Reeves has been granted 1,881,000 option rights under the Bally's Corporation 2021 Equity Incentive Plan at an exercise price of $18.25 per share. Half of these options will vest in three equal annual installments based on continued service, while the remaining half will vest contingent upon continued service and the achievement of performance criteria to be set by the Compensation Committee for the years ending March 15, 2027, 2028, and 2029. Additionally, President George Papanier has received 1,254,000 incentive stock options, also at an exercise price of $18.25 per share. His options will vest on a similar schedule, with half vesting in three annual installments and the remainder dependent on service and performance milestones over the same periods. Papanier's employment agreement has also been extended through December 31, 2028.
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