Park Hotels & Resorts director awarded 1,756 shares

The award replaced cash board fees for third-quarter 2026 service and vested immediately.

Rhea-AI Filing Summary

Park Hotels & Resorts Inc. (symbol: PK) is the issuer of record for a Form 4 filing submitted to the SEC. NATELLI THOMAS A reported acquisition or exercise transactions in this Form 4 filing.

Park Hotels & Resorts Inc. director Thomas A. Natelli received an award of 1,756 common shares on September 23, 2026, under the 2017 Stock Plan for Non-Employee Directors, in lieu of cash board fees for third-quarter 2026 service; the shares vested immediately. His direct holdings after the award were 230,149 shares. The record also lists 1,570 shares for each of the TAN, JCN, MJN and NTN 2011 Receiving Trusts, and 18,840 shares held by a limited partnership in which Natelli is a 50% owner.

Insider Trade Summary

Grant/Award: 1,756 shares

Grant/Award 8 txns

Insider NATELLI THOMAS A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,756	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--
holding	Common Stock F3	--	--	--
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 230,149 shares (Direct); Common Stock — 1,570 shares (Indirect, By The TAN 2011 Receiving Trust); Common Stock — 1,570 shares (Indirect, By The JCN 2011 Receiving Trust); Common Stock — 1,570 shares (Indirect, By The MJN 2011 Receiving Trust); Common Stock — 1,570 shares (Indirect, By The NTN 2011 Receiving Trust); Common Stock — 18,840 shares (Indirect, By LP); Common Stock — 12,560 shares (Indirect, By LLC)

Footnotes (3)

1. F1. The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated, in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 3rd quarter of 2026 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, September 30, 2026, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.
2. F2. Shares are owned by a limited partnership, of which the reporting person is a 50% owner and the president of the limited partnership's general partner.
3. F3. Shares are owned by a limited liability company, of which the reporting person is a 50% owner and managing member.

Key Figures

Awarded common shares: 1,756 shares Direct common shares held: 230,149 shares Shares held by each 2011 Receiving Trust: 1,570 shares +1 more

4 metrics

Awarded common shares 1,756 shares Awarded September 23, 2026

Direct common shares held 230,149 shares After the September 23, 2026 award

Shares held by each 2011 Receiving Trust 1,570 shares TAN, JCN, MJN and NTN trusts

Shares held by limited partnership 18,840 shares Natelli is a 50% owner of the partnership

Key Terms

2017 Stock Plan for Non-Employee Directors, unrestricted common stock, vested immediately, Board Fee

4 terms

2017 Stock Plan for Non-Employee Directors financial

"under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors"

unrestricted common stock financial

"an award of shares of the issuer's unrestricted common stock"

vested immediately financial

"The Common Stock ... vested immediately"

Board Fee financial

"fees payable to the reporting person ... ("Board Fee")"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many PK shares did Thomas A. Natelli receive?

Thomas A. Natelli received an award of 1,756 shares of Park Hotels & Resorts common stock on September 23, 2026. The award was made under the 2017 Stock Plan for Non-Employee Directors in lieu of cash fees for third-quarter board service, and the shares vested immediately.

How many PK shares did Thomas A. Natelli hold after the award?

His reported direct holdings after the award were 230,149 shares. The record also lists 1,570 shares for each of the TAN, JCN, MJN and NTN 2011 Receiving Trusts, plus 18,840 shares held by a limited partnership in which Natelli is a 50% owner.

Was Thomas A. Natelli's PK share award made under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported. The shares were awarded under the 2017 Stock Plan for Non-Employee Directors in lieu of cash fees for third-quarter 2026 board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/24/2026 - 05:50 PM Accepted by SEC EDGAR 09/24/2026 - 05:50 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NATELLI THOMAS A

(Last) (First) (Middle)

C/O PARK HOTELS & RESORTS INC

1775 TYSONS BLVD, 7TH FLOOR

(Street)

TYSONS VIRGINIA 22102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Park Hotels & Resorts Inc. [ PK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/23/2026		A(1)		1,756	A	$0	230,149	D
Common Stock								1,570	I	By The TAN 2011 Receiving Trust
Common Stock								1,570	I	By The JCN 2011 Receiving Trust
Common Stock								1,570	I	By The MJN 2011 Receiving Trust
Common Stock								1,570	I	By The NTN 2011 Receiving Trust
Common Stock								18,840	I	By LP(2)
Common Stock								6,280	I	By LLC(3)
Common Stock								6,280	I	By LLC(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated, in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 3rd quarter of 2026 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, September 30, 2026, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.

2. Shares are owned by a limited partnership, of which the reporting person is a 50% owner and the president of the limited partnership's general partner.

3. Shares are owned by a limited liability company, of which the reporting person is a 50% owner and managing member.

Remarks:

	/s/ Nancy Vu, as Attorney-in-Fact	09/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)