Park Hotels (NYSE: PK) SVP surrenders stock to cover tax bill
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robb Darren W
Role
SVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 854 | $11.20 | $10K |
Holdings After Transaction:
Common Stock — 130,433 shares (Direct)
Footnotes (1)
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AI-generated analysis. How Rhea-AI works. Not financial advice.
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.