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Restricted stock award lifts Park Hotels (NYSE: PK) director holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ECKERT THOMAS D reported acquisition or exercise transactions in this Form 4 filing.

Park Hotels & Resorts Inc. director Thomas D. Eckert reported receiving a grant of 13,839 shares of common stock as a restricted stock award for his board service. The award was made under the company’s 2017 Stock Plan for Non-Employee Directors.

The restricted shares cover Eckert’s service from April 24, 2026 through the date of the 2027 annual meeting of stockholders and will vest in full on April 30, 2027, or earlier if the 2027 annual meeting is held before that date. Following this grant, Eckert directly holds 186,817 shares of common stock.

He also has indirect ownership interests, including 11,000 shares held by Sopris III LLC and 12,000 shares held by Sopris I LLC, entities associated with him and his spouse. The filing characterizes the transaction as a grant or award, not an open-market purchase.

Positive

  • None.

Negative

  • None.
Insider ECKERT THOMAS D
Role null
Type Security Shares Price Value
Grant/Award Common Stock 13,839 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 186,817 shares (Direct, null); Common Stock — 12,000 shares (Indirect, By Sopris I LLC)
Footnotes (1)
  1. Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated as of April 25, 2025) in connection with Mr. Eckert's service on the Issuer's Board of Directors for the period from April 24, 2026 through (and including) the date of the Issuer's 2027 annual meeting of stockholders. Such shares will vest in full on April 30, 2027 (or, if earlier, the date on which the Issuer's 2027 annual meeting of stockholders is held). Shares are held in a joint account with the reporting person's spouse. Shares are owned by a limited liability company, of which the reporting person and his spouse serve as general partners and have investment authority over such shares.
Restricted stock grant 13,839 shares Award of restricted common stock to Thomas D. Eckert
Grant price $0.00 per share Compensation grant, not open-market purchase
Direct holdings after grant 186,817 shares Common stock directly owned by Thomas D. Eckert
Indirect holdings via Sopris III LLC 11,000 shares Common stock held indirectly through Sopris III LLC
Indirect holdings via Sopris I LLC 12,000 shares Common stock held indirectly through Sopris I LLC
Vesting date April 30, 2027 Restricted shares vest in full on this date or earlier 2027 meeting
restricted stock financial
"Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2017 Stock Plan for Non-Employee Directors financial
"pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors"
annual meeting of stockholders financial
"through (and including) the date of the Issuer's 2027 annual meeting of stockholders"
vest in full financial
"Such shares will vest in full on April 30, 2027"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ECKERT THOMAS D
(Last)(First)(Middle)
C/O PARK HOTELS & RESORTS INC.
1775 TYSONS BLVD, 7TH FLOOR
(Street)
TYSONS VIRGINIA 22102
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Park Hotels & Resorts Inc. [ PK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/24/2026A(1)13,839A$0186,817D(2)
Common Stock12,000IBy Sopris I LLC(3)
Common Stock11,000IBy Sopris III LLC(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated as of April 25, 2025) in connection with Mr. Eckert's service on the Issuer's Board of Directors for the period from April 24, 2026 through (and including) the date of the Issuer's 2027 annual meeting of stockholders. Such shares will vest in full on April 30, 2027 (or, if earlier, the date on which the Issuer's 2027 annual meeting of stockholders is held).
2. Shares are held in a joint account with the reporting person's spouse.
3. Shares are owned by a limited liability company, of which the reporting person and his spouse serve as general partners and have investment authority over such shares.
Remarks:
/s/ Nancy Vu, as Attorney-in-Fact04/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PK director Thomas D. Eckert report?

Thomas D. Eckert reported receiving a grant of 13,839 shares of Park Hotels & Resorts common stock as restricted stock. The award is compensation for his non-employee director service and was granted at $0.00 per share, rather than being bought on the open market.

How many Park Hotels & Resorts shares does Thomas D. Eckert hold after this grant?

After the restricted stock award, Thomas D. Eckert directly holds 186,817 Park Hotels & Resorts common shares. He also has indirect interests in 11,000 shares through Sopris III LLC and 12,000 shares through Sopris I LLC, reflecting additional ownership associated with him and his spouse.

When do Thomas D. Eckert’s newly granted PK restricted shares vest?

The 13,839 restricted shares granted to Thomas D. Eckert vest in full on April 30, 2027. They may vest earlier if Park Hotels & Resorts holds its 2027 annual meeting of stockholders before that date, covering his board service through that meeting.

What plan governs Thomas D. Eckert’s restricted stock grant from Park Hotels & Resorts?

The restricted stock grant was issued under Park Hotels & Resorts’ 2017 Stock Plan for Non-Employee Directors, as amended and restated as of April 25, 2025. This plan provides equity-based compensation to outside directors in the form of stock awards.

Are Thomas D. Eckert’s recent PK share changes open-market trades?

No, the filing describes the 13,839-share change as a grant or award of restricted stock at $0.00 per share. It is compensation for his board service, not an open-market purchase or sale, and therefore carries different implications than discretionary trading.