Park Hotels (NYSE: PK) director takes Q1 2026 board fee in stock

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 an award of 2,487 shares of common stock as compensation for his board service during the first quarter of 2026. He elected to take this board fee in stock instead of cash. The shares were granted on March 24, 2026, vested immediately, and were valued using the New York Stock Exchange closing price on the grant date. Following this grant, he directly holds 145,655 shares of Park Hotels & Resorts common stock.

SEC Form 4

FORM 4

UNITED 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

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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^*

NAUGHTON TIMOTHY J

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/24/2026		A(1)		2,487	A	$0	145,655	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated, in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 1st quarter of 2026 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, March 24, 2026, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.

Remarks:

	/s/ Nancy Vu, as Attorney-in-Fact	03/26/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did Park Hotels & Resorts (PK) report in this Form 4?

Park Hotels & Resorts reported that director Timothy J. Naughton received 2,487 shares of common stock as a stock award. This grant represents his board fee for serving during the first quarter of 2026, taken in shares instead of cash compensation.

How many Park Hotels & Resorts (PK) shares did Timothy J. Naughton receive and now hold?

Timothy J. Naughton received 2,487 shares of Park Hotels & Resorts common stock in this grant. After the award, his directly owned position totals 145,655 shares, reflecting his ongoing equity stake as a non-employee director of the company.

What was the purpose of the Park Hotels & Resorts (PK) stock grant to Timothy J. Naughton?

The stock grant represents Naughton’s board fee for the first quarter of 2026, which he chose to receive in shares. The award was made under the company’s 2017 Stock Plan for Non-Employee Directors, as amended and restated, in lieu of cash payment.

On what date was the Park Hotels & Resorts (PK) director stock award granted and how was it valued?

The 2,487-share award was granted on March 24, 2026, five business days before the cash fee would have been paid. The award’s value was based on the closing sales price of Park Hotels & Resorts common stock on the New York Stock Exchange that day.

Was the Park Hotels & Resorts (PK) Form 4 transaction an open-market purchase or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. Naughton received 2,487 unrestricted common shares as a board fee under the 2017 Stock Plan for Non-Employee Directors, with the award vesting immediately upon grant on March 24, 2026.