PK executive granted 17,536 restricted shares
Park Hotels & Resorts Inc. reported that officer Darren W. Robb, its SVP and CAO, received an annual equity award of 17,536 restricted shares of common stock on February 12, 2026 under the company’s 2017 Omnibus Incentive Plan.
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. reported that officer Darren W. Robb, its SVP and CAO, received an annual equity award of 17,536 restricted shares of common stock on February 12, 2026 under the company’s 2017 Omnibus Incentive Plan.
These restricted shares will vest in three equal installments on each of the first three anniversaries of the grant date, so long as he continues in service. On February 13, 2026, he surrendered 1,217 shares at $11.42 per share to cover tax withholding upon vesting of earlier awards, a non‑open‑market, tax-withholding disposition.
After these transactions, Robb directly owned 131,287 shares of Park Hotels & Resorts common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,217 | $11.42 | $14K |
| Grant/Award | Common Stock | 17,536 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 4,040 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.
FAQ
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