Park Hotels (PK) EVP Olander surrenders 2,350 shares for tax withholding
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Jill C. Olander, EVP of Human Resources, reported a tax-related share disposition. She surrendered 2,350 shares of common stock to the company to cover tax withholding tied to the vesting of 4,690 restricted shares granted under the 2017 Omnibus Incentive Plan.
The tax-withholding disposition used a price of $11.20 per share, based on the New York Stock Exchange closing price on February 13, 2026. After this transaction, Olander directly held 195,833 shares of Park Hotels & Resorts common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,350 shares
Net Sell
1 txn
Insider
Olander Jill C
Role
EVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,350 | $11.20 | $26K |
Holdings After Transaction:
Common Stock — 195,833 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 4,690 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Park Hotels & Resorts (PK) executive Jill C. Olander report on this Form 4?
Jill C. Olander reported surrendering 2,350 shares of Park Hotels & Resorts common stock to the company. This was a tax-withholding disposition connected to the vesting of 4,690 restricted stock shares previously granted under the company’s 2017 Omnibus Incentive Plan.
Was the Park Hotels & Resorts (PK) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 2,350 shares were surrendered to Park Hotels & Resorts to satisfy tax withholding obligations arising from the vesting of restricted stock, rather than sold on the market to a third-party buyer.