Park Hotels (PK) EVP uses 1,634 shares to cover restricted stock taxes
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Piantedosi Joseph M.
Role
EVP, Asset Management
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,634 | $11.20 | $18K |
Holdings After Transaction:
Common Stock — 117,818 shares (Direct)
Footnotes (1)
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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.