Park Hotels (PK) SVP & CAO granted 17,536 restricted shares, surrenders 1,217 for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Robb Darren W
Role
SVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,217 | $11.42 | $14K |
| Grant/Award | Common Stock | 17,536 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 131,287 shares (Direct)
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 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
What insider transactions did PK executive Darren W. Robb report on this Form 4?
Darren W. Robb reported receiving 17,536 restricted Park Hotels & Resorts (PK) shares and surrendering 1,217 shares for tax withholding. Both transactions involved common stock and were linked to the company’s 2017 Omnibus Incentive Plan, not open-market buying or selling.
How do the vesting terms work for Darren W. Robb’s new PK restricted stock award?
The new PK restricted stock award vests in three equal annual installments. One-third of the 17,536 shares vests on each of the first, second, and third anniversaries of the February 12, 2026 grant date, provided Darren W. Robb remains in service.