Park Hotels SVP surrenders shares for taxes
Park Hotels & Resorts Inc. senior vice president and chief accounting officer Darren W. Robb reported a small share disposition tied to taxes, not an open‑market sale.
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. senior vice president and chief accounting officer Darren W. Robb reported a small share disposition tied to taxes, not an open‑market sale. He surrendered 854 shares of common stock at $11.20 per share to the company to cover tax withholding due on the vesting of 2,836 previously granted restricted shares under the 2017 Omnibus Incentive Plan. After this tax-withholding transaction on February 17, 2026, he directly owned 130,433 common shares.
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Insider Trade Summary
Exercise Price or Tax Liability: 854 shares
Exercise Price or Tax Liability
1 txn
Insider
Robb Darren W
Role
SVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 854 | $11.20 | $10K |
Holdings After Transaction:
Common Stock — 130,433 shares (Direct)
Footnotes (1)
- F1. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 2,836 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time). 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 17, 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 13, 2026.
FAQ
What insider transaction did Park Hotels (PK) report for Darren W. Robb?
Park Hotels reported that SVP and CAO Darren W. Robb surrendered 854 common shares to the company. The shares were used to satisfy tax withholding obligations arising from the vesting of 2,836 restricted stock shares previously granted under the 2017 Omnibus Incentive Plan.
Was the Park Hotels (PK) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were surrendered back to Park Hotels to cover taxes owed upon vesting of restricted stock, using a price based on the New York Stock Exchange closing price.
What plan governed the restricted stock in this Park Hotels (PK) insider filing?
The restricted stock was granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan. The plan’s Restricted Stock Agreements specified that tax withholdings use the New York Stock Exchange closing price immediately before delivery of the vested restricted shares.
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