Park Hotels (PK) EVP gets 41,038 restricted shares, surrenders 4,265 for taxes
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Joseph M. Piantedosi, EVP of Asset Management, reported equity compensation transactions in company stock. On February 12, 2026, he acquired 41,038 restricted shares of common stock at $0 under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan, an annual award that will vest in three equal installments on each of the first three anniversaries of the grant date, subject to his continued service.
On February 13, 2026, he had 4,265 shares of common stock withheld at $11.42 per share and surrendered to the company to cover tax withholding obligations arising from the vesting of 9,455 previously granted restricted shares. After these transactions, he directly beneficially owned 119,452 shares of Park Hotels & Resorts Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,265 | $11.42 | $49K |
| Grant/Award | Common Stock | 41,038 | $0.00 | -- |
Footnotes (1)
- Represents an annual award of restricted shares of common stock of the Issuer under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time) (the "Plan"), approved by the Compensation & Human Capital Committee (the "Committee") of the Issuer, which shares will vest ratably on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service on such dates. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 9,455 shares of restricted stock previously granted to the Reporting Person pursuant to the Plan. 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 13, 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 12, 2026.