Park Hotels (NYSE: PK) director gets 2,487-share stock award

Rhea-AI Filing Summary

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 2,487 shares of common stock on March 24, 2026. The shares were granted under the company’s 2017 Stock Plan for Non-Employee Directors in lieu of his first-quarter 2026 cash board fees and vested immediately.

After this grant, Natelli directly holds 212,740 common shares. He also has additional indirect holdings, including shares held by several 2011 Receiving Trusts, a limited partnership in which he is a 50% owner and president of the general partner, and limited liability companies where he is a 50% owner and managing member.

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

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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)
03/24/2026

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	03/24/2026		A(1)		2,487	A	$0	212,740	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 1st 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, March 24, 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	03/26/2026
	** 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)

FAQ

What insider transaction did Park Hotels & Resorts (PK) disclose for Thomas A. Natelli?

Park Hotels & Resorts reported that director Thomas A. Natelli received 2,487 shares of common stock as a grant. The award came under the 2017 Stock Plan for Non-Employee Directors, paid instead of first-quarter 2026 cash board fees, and the shares vested immediately on March 24, 2026.

Was the Park Hotels (PK) insider transaction a stock purchase or a compensation grant?

The Park Hotels transaction was a compensation grant, not an open-market stock purchase. Director Thomas A. Natelli elected to receive 2,487 unrestricted common shares in lieu of his first-quarter 2026 cash board fees, granted under the company’s stock plan for non-employee directors.

How many Park Hotels (PK) shares does Thomas A. Natelli hold after the reported grant?

Following the 2,487-share grant, Thomas A. Natelli directly holds 212,740 Park Hotels common shares. The filing also lists additional indirect holdings through several 2011 Receiving Trusts, a limited partnership, and limited liability companies associated with him, which increase his total economic exposure to the stock.

Why did Park Hotels (PK) grant 2,487 shares to director Thomas A. Natelli?

Park Hotels granted 2,487 shares because Natelli elected to receive common stock instead of cash board fees for first-quarter 2026. Under the 2017 Stock Plan for Non-Employee Directors, the unrestricted shares were issued at the closing market price on March 24, 2026, and vested immediately.

What do the indirect Park Hotels (PK) holdings in the Natelli Form 4 represent?

The indirect holdings represent Park Hotels common shares owned by entities associated with Thomas A. Natelli. These include several 2011 Receiving Trusts, a limited partnership where he is a 50% owner and president of the general partner, and limited liability companies where he is a 50% owner and managing member.

Does the Park Hotels (PK) Form 4 show any insider stock sales by Thomas A. Natelli?

The Form 4 does not show any stock sales by Thomas A. Natelli. It reports a single acquisition of 2,487 common shares as a grant in lieu of cash fees, along with updated direct and indirect holdings, but no open-market or disposition transactions are listed.