Park Hotels (PK) EVP uses 1,634 shares to cover restricted stock taxes
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Joseph M. Piantedosi reported a tax-related share disposition. He surrendered 1,634 shares of common stock to the company at $11.20 per share to cover tax withholding upon vesting of 3,623 previously granted restricted shares. After this tax-withholding disposition, he directly holds 117,818 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,634 shares
Net Sell
1 txn
Insider
Piantedosi Joseph M.
Role
EVP, Asset Management
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,634 | $11.20 | $18K |
Holdings After Transaction:
Common Stock — 117,818 shares (Direct)
Footnotes (1)
- F1. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 3,623 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time). 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 17, 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 13, 2026.
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FAQ
What insider transaction did Park Hotels & Resorts (PK) report for Joseph M. Piantedosi?
Park Hotels & Resorts reported that EVP Joseph M. Piantedosi surrendered 1,634 common shares to the company. This was a tax-withholding disposition related to the vesting of 3,623 restricted shares granted under the 2017 Omnibus Incentive Plan.
Was the Park Hotels & Resorts (PK) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 1,634 shares were surrendered back to Park Hotels & Resorts solely to satisfy tax withholding obligations triggered by the vesting of previously granted restricted stock awards.
What does transaction code "F" mean in the Park Hotels & Resorts (PK) Form 4?
Transaction code "F" indicates a tax-withholding disposition. In this case, Joseph M. Piantedosi delivered 1,634 shares back to Park Hotels & Resorts to pay tax obligations due upon vesting of his restricted stock award.