Director at Park Hotels & Resorts (PK) takes 1,814-share stock grant as board fee
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NAUGHTON TIMOTHY J reported acquisition or exercise transactions in this Form 4 filing.
Park Hotels & Resorts Inc. director Timothy J. Naughton received a grant of 1,814 shares of common stock on June 23, 2026. This award was taken under the company’s 2017 Stock Plan for Non-Employee Directors in lieu of cash fees for board service in the second quarter of 2026.
The shares were granted as unrestricted stock, vested immediately, and were valued using the closing price on the grant date. After this compensation-related award, Naughton directly holds 161,308 shares of Park Hotels & Resorts common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NAUGHTON TIMOTHY J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,814 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 161,308 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,814 shares
Shares held after grant: 161,308 shares
Grant price basis: Closing price on grant date
+1 more
4 metrics
Shares granted
1,814 shares
Unrestricted common stock grant on June 23, 2026
Shares held after grant
161,308 shares
Direct holdings of Timothy J. Naughton after transaction
Grant price basis
Closing price on grant date
Market value based on NYSE closing price June 23, 2026
Quarter covered
Second quarter 2026
Board fees period compensated in stock instead of cash
Key Terms
unrestricted common stock, 2017 Stock Plan for Non-Employee Directors, Board Fee, closing sales price
4 terms
unrestricted common stock financial
"award of shares of the issuer's unrestricted common stock ("Common Stock")"
2017 Stock Plan for Non-Employee Directors financial
"under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors"
Board Fee financial
"in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 2nd quarter of 2026 ("Board Fee")"
closing sales price financial
"market value based on the closing sales price of the issuer's common stock"
FAQ
What insider transaction did Park Hotels & Resorts (PK) report for Timothy J. Naughton?
Park Hotels & Resorts reported that director Timothy J. Naughton received 1,814 shares of common stock as a grant. The shares were awarded as compensation for serving on the board during the second quarter of 2026, rather than paying his board fees in cash.
Was the Park Hotels & Resorts (PK) Form 4 transaction a market purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Timothy J. Naughton received 1,814 unrestricted shares under the 2017 Stock Plan for Non-Employee Directors in lieu of cash board fees for the second quarter of 2026.
What is the Park Hotels & Resorts (PK) 2017 Stock Plan for Non-Employee Directors?
The 2017 Stock Plan for Non-Employee Directors allows Park Hotels & Resorts to pay directors in stock instead of cash fees. Under this plan, Naughton elected to receive 1,814 unrestricted common shares for his second-quarter 2026 board compensation.
How was the value of Timothy J. Naughton’s Park Hotels (PK) stock grant determined?
The value of the 1,814-share grant was based on the closing sales price of Park Hotels & Resorts common stock on the New York Stock Exchange on June 23, 2026. This closing price was used to translate his second-quarter 2026 board fees into shares.