Park Hotels EVP receives 49,474-share stock award
Park Hotels & Resorts Inc. executive Nancy M. Vu, EVP, General Counsel & Secretary, reported equity compensation and a related tax-withholding transaction.
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Nancy M. Vu, EVP, General Counsel & Secretary, reported equity compensation and a related tax-withholding transaction. On February 12, 2026, she acquired 49,474 shares of common stock as an annual restricted stock award that will vest in three equal installments on each of the first three anniversaries of the grant date, subject to her continued service. This brought her direct beneficial ownership to 219,579 common shares. On February 13, 2026, she surrendered 4,424 common shares at $11.42 per share to the company to cover tax withholding obligations arising from the vesting of 9,809 previously granted restricted shares, leaving her with 215,155 directly owned common shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,424 | $11.42 | $51K |
| Grant/Award | Common Stock | 49,474 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents an annual award of restricted shares of common stock of the Issuer under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time) (the "Plan"), approved by the Compensation & Human Capital Committee (the "Committee") of the Issuer, which shares will vest ratably on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service on such dates.
- F2. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 9,809 shares of restricted stock previously granted to the Reporting Person pursuant to the Plan. Pursuant to the terms of the applicable Restricted Stock Agreements, the price per share used to determine the tax withholdings was the closing price per share of the Issuer's common stock on the New York Stock Exchange (the "NYSE") on the trading day immediately prior to the date of delivery of such shares. The shares of restricted stock were delivered to the Reporting Person on February 13, 2026 and, as such, the price per share used to determine the tax withholding related to such delivered shares was the NYSE closing price per share of the Issuer's common stock on February 12, 2026.
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