Park Hotels & Resorts awards director 1,756 shares
The director elected stock in lieu of cash board fees, and the shares 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. NAUGHTON TIMOTHY J reported acquisition or exercise transactions in this Form 4 filing.
Park Hotels & Resorts Inc. director Timothy J. Naughton received an award of 1,756 shares of unrestricted common stock on September 23, 2026, under the 2017 Stock Plan for Non-Employee Directors. The award was in lieu of cash fees for board service during the third quarter of 2026 and vested immediately. He directly held 163,064 shares after the award; the shares’ market value was based on the closing sales price on the grant date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,756 | $0.00 | $0.00 |
Footnotes (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.
Key Figures
Key Terms
unrestricted common stock technical
vested immediately financial
Board Fee financial
FAQ
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Was the PK director’s stock award made under a Rule 10b5-1 plan?
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