Park Hotels (NYSE: PK) EVP gets stock award, surrenders shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Park Hotels & Resorts EVP Carl A. Mayfield reported an equity compensation grant and related tax share surrender. On February 12, 2026, he acquired 60,201 restricted common shares at $0 under the company’s 2017 Omnibus Incentive Plan, which vest in three equal annual installments if he remains in service. On February 13, 2026, he surrendered 5,406 shares at $11.42 per share to cover tax withholding tied to the vesting of 10,790 previously granted restricted shares, leaving him with 323,051 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mayfield Carl A.
Role
EVP, Design and Construction
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,406 | $11.42 | $62K |
| Grant/Award | Common Stock | 60,201 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 323,051 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 10,790 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.