[Form 4] Park Hotels & Resorts Inc. Insider Trading Activity
Patricia M. Bedient, a director of Park Hotels & Resorts Inc. (PK), received 2,488 shares of the issuer's unrestricted common stock as payment in lieu of cash board fees under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. The shares were granted on the company's reported grant date and vested immediately. The grant was recorded at a $0 per-share cash price to the reporting person because it was an equity award in lieu of cash; the notice states the award's market value was based on the NYSE closing price on the grant date. After the transaction, the reporting person beneficially owned 136,703 shares. The Form 4 indicates the report was submitted by an attorney-in-fact.
Patricia M. Bedient, direttrice di Park Hotels & Resorts Inc. (PK), ha ricevuto 2.488 azioni ordinarie non vincolate emesse dall'emittente come pagamento al posto dei compensi del consiglio in contanti ai sensi del Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Le azioni sono state concesse nella data di assegnazione riportata dall'azienda e maturano immediatamente. L'assegnazione è stata registrata con un prezzo in contanti per azione di 0 dollari alla persona che presenta la rendicontazione perché si trattava di un premio azionario in sostituzione del contante; l'avviso indica che il valore di mercato dell'assegnazione era basato sul prezzo di chiusura NYSE alla data di assegnazione. Dopo la transazione, la persona che presenta la rendicontazione deteneva 136.703 azioni. Il Modulo 4 indica che la relazione è stata presentata da un procuratore.
Patricia M. Bedient, directora de Park Hotels & Resorts Inc. (PK), recibió 2.488 acciones ordinarias no restringidas del emisor como pago en lugar de honorarios en efectivo del consejo, bajo el Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Las acciones se otorgaron en la fecha de concesión reportada por la compañía y se consolidaron de inmediato. El otorgamiento se registró a un precio en efectivo de $0 por acción para la persona que informa porque se trataba de un premio en acciones en lugar de efectivo; el aviso señala que el valor de mercado del premio se basó en el precio de cierre de NYSE en la fecha de la concesión. Después de la transacción, la persona que informa poseía beneficiosamente 136.703 acciones. El Formulario 4 indica que el informe fue presentado por un apoderado.
Park Hotels & Resorts Inc. (PK)의 이사인 Patricia M. Bedient는 Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors에 따라 현금 이사 보수 대신 발행인의 무제한 일반 주식 2,488주를 수령했습니다. 주식은 회사가 보고한 수여일에 수여되었고 즉시 취득 가능합니다. 수여는 현금 대신 주식 상여였기 때문에 보고자에게 주당 0달러의 현금가로 기록되었고, 공지는 수여의 시가가 수여일의 NYSE 종가를 기반으로 한다고 명시합니다. 거래 후 보고자는 이익적으로 136,703주의 주식을 소유했습니다. Form 4는 보고서가 대리인에 의해 제출되었음을 나타냅니다.
Patricia M. Bedient, administratrice de Park Hotels & Resorts Inc. (PK), a reçu 2 488 actions ordinaires non restreintes de l'émetteur en paiement des honoraires du conseil en lieu et place de l'argent, dans le cadre du Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Les actions ont été attribuées à la date de subvention indiquée par la société et acquises immédiatement. L'octroi a été enregistré à un prix en espèces de 0 dollar par action pour la personne qui déclare, car il s'agissait d'une attribution en actions en lieu et place de liquidités; l'avis indique que la valeur marchande de l'attribution était basée sur le cours de clôture du NYSE à la date d'attribution. Après la transaction, la personne qui déclare détenait avantageusement 136 703 actions. Le Formulaire 4 indique que le rapport a été soumis par un mandataire.
Patricia M. Bedient, Direktorin von Park Hotels & Resorts Inc. (PK), erhielt 2.488 Aktien der unbeschränkten Stammaktien des Emittenten als Bezahlung statt Bargeld für Vorstandszahlungen im Rahmen des Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Die Aktien wurden am vom Unternehmen gemeldeten Gewährungstag gewährt und unverzüglich fällig. Die Gewährung wurde zu einem Barpreis von 0 USD pro Aktie für die meldende Person verbucht, da es sich um eine Eigenkapitalzuteilung anstelle von Bargeld handelte; der Hinweis besagt, dass der Marktwert der Zuteilung auf dem NYSE-Schlusskurs am Tag der Gewährung basiert. Nach der Transaktion besaß die meldende Person wirtschaftlich gesehen 136.703 Aktien. Das Formular 4 gibt an, dass der Bericht von einem Bevollmächtigten eingereicht wurde.
باتريشيا م. بيديينت، مديرة في Park Hotels & Resorts Inc. (PK)، تلقت 2,488 سهماً من الأسهم العادية غير المقيدة للمصدر كتعويض بدلاً من أتعاب المجلس نقداً وفقاً لخطة الأسهم 2017 الخاصة بالمديرين غير الموظفين في Park Hotels & Resorts Inc. تم منح الأسهم في تاريخ المنح الذي أبلغت عنه الشركة واكتسبت فوراً. تم تسجيل المنحة بسعر نقدي قدره 0 دولار للسهم للشخص المبلغ لأن الأمر كان جائزة أسهم بدلاً من النقد؛ تشير الإشعار إلى أن القيمة السوقية للجائزة استندت إلى سعر إغلاق NYSE في تاريخ المنح. بعد الصفقة، امتلك الشخص المبلغ بشكل مستحق 136,703 سهم. يشير النموذج 4 إلى أن التقرير قدمه وكيل.
Patricia M. Bedient，Park Hotels & Resorts Inc.（PK）的董事，依据 Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors，以作为董事会费用的现金替代而获得发行人未受限普通股的2,488股。 这些股票在公司披露的授予日给予，并且立即归属。该授予以每股0美元的现金价格记录给报告人，因为这是以股票代替现金的权益奖励；通知称该奖励的市场价值基于授予日的NYSE收盘价。交易完成后，报告人实际持有136,703 股。Form 4 指出该报告由授权代理人提交。
- Director elected equity in lieu of cash, aligning director compensation with shareholder interests
- Award vested immediately, providing clear and immediate ownership rather than conditional future grants
- Post-transaction ownership disclosed (136,703 shares), supporting transparency
- None.
Insights
TL;DR: Routine director equity compensation; immediate vesting modestly increases insider ownership without cash outlay.
The reported transaction is a standard election by a non-employee director to receive equity instead of cash board fees. The award of 2,488 shares, which vested immediately, increases the director's stake to 136,703 shares. This is a non-dilutive transfer from the perspective of the director and reflects standard compensation practices designed to align board members with shareholder interests. There are no derivative transactions or exercised options disclosed, and the Form 4 does not indicate any unusual timing or large-scale disposition that would be material to investors.
TL;DR: Typical governance practice—director elected stock in lieu of cash; immediate vesting simplifies accounting and governance tracking.
The filing documents a routine award under the company's non-employee director stock plan. Immediate vesting suggests the award replaces cash compensation already earned for board service rather than a future service requirement. This practice is common for aligning director incentives with long-term shareholder value. The Form 4 discloses the post-transaction beneficial ownership, which supports transparency for governance monitoring. No red flags such as accelerated executive compensation or unusual derivatives activity are present in this filing.
Patricia M. Bedient, direttrice di Park Hotels & Resorts Inc. (PK), ha ricevuto 2.488 azioni ordinarie non vincolate emesse dall'emittente come pagamento al posto dei compensi del consiglio in contanti ai sensi del Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Le azioni sono state concesse nella data di assegnazione riportata dall'azienda e maturano immediatamente. L'assegnazione è stata registrata con un prezzo in contanti per azione di 0 dollari alla persona che presenta la rendicontazione perché si trattava di un premio azionario in sostituzione del contante; l'avviso indica che il valore di mercato dell'assegnazione era basato sul prezzo di chiusura NYSE alla data di assegnazione. Dopo la transazione, la persona che presenta la rendicontazione deteneva 136.703 azioni. Il Modulo 4 indica che la relazione è stata presentata da un procuratore.
Patricia M. Bedient, directora de Park Hotels & Resorts Inc. (PK), recibió 2.488 acciones ordinarias no restringidas del emisor como pago en lugar de honorarios en efectivo del consejo, bajo el Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Las acciones se otorgaron en la fecha de concesión reportada por la compañía y se consolidaron de inmediato. El otorgamiento se registró a un precio en efectivo de $0 por acción para la persona que informa porque se trataba de un premio en acciones en lugar de efectivo; el aviso señala que el valor de mercado del premio se basó en el precio de cierre de NYSE en la fecha de la concesión. Después de la transacción, la persona que informa poseía beneficiosamente 136.703 acciones. El Formulario 4 indica que el informe fue presentado por un apoderado.
Park Hotels & Resorts Inc. (PK)의 이사인 Patricia M. Bedient는 Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors에 따라 현금 이사 보수 대신 발행인의 무제한 일반 주식 2,488주를 수령했습니다. 주식은 회사가 보고한 수여일에 수여되었고 즉시 취득 가능합니다. 수여는 현금 대신 주식 상여였기 때문에 보고자에게 주당 0달러의 현금가로 기록되었고, 공지는 수여의 시가가 수여일의 NYSE 종가를 기반으로 한다고 명시합니다. 거래 후 보고자는 이익적으로 136,703주의 주식을 소유했습니다. Form 4는 보고서가 대리인에 의해 제출되었음을 나타냅니다.
Patricia M. Bedient, administratrice de Park Hotels & Resorts Inc. (PK), a reçu 2 488 actions ordinaires non restreintes de l'émetteur en paiement des honoraires du conseil en lieu et place de l'argent, dans le cadre du Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Les actions ont été attribuées à la date de subvention indiquée par la société et acquises immédiatement. L'octroi a été enregistré à un prix en espèces de 0 dollar par action pour la personne qui déclare, car il s'agissait d'une attribution en actions en lieu et place de liquidités; l'avis indique que la valeur marchande de l'attribution était basée sur le cours de clôture du NYSE à la date d'attribution. Après la transaction, la personne qui déclare détenait avantageusement 136 703 actions. Le Formulaire 4 indique que le rapport a été soumis par un mandataire.
Patricia M. Bedient, Direktorin von Park Hotels & Resorts Inc. (PK), erhielt 2.488 Aktien der unbeschränkten Stammaktien des Emittenten als Bezahlung statt Bargeld für Vorstandszahlungen im Rahmen des Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors. Die Aktien wurden am vom Unternehmen gemeldeten Gewährungstag gewährt und unverzüglich fällig. Die Gewährung wurde zu einem Barpreis von 0 USD pro Aktie für die meldende Person verbucht, da es sich um eine Eigenkapitalzuteilung anstelle von Bargeld handelte; der Hinweis besagt, dass der Marktwert der Zuteilung auf dem NYSE-Schlusskurs am Tag der Gewährung basiert. Nach der Transaktion besaß die meldende Person wirtschaftlich gesehen 136.703 Aktien. Das Formular 4 gibt an, dass der Bericht von einem Bevollmächtigten eingereicht wurde.
FAQ
How many shares did Patricia M. Bedient acquire in this Form 4 for PK?
Why were the shares granted to the director in this Form 4 (PK)?
Did the awarded shares in this PK filing vest immediately or were they time-based?
What was the cash price paid for the shares in this PK Form 4 transaction?
How many shares does Patricia M. Bedient beneficially own after the reported transaction for PK?
