Park Hotels & Resorts (PK) CEO nets 539,320 shares, withholds 253,136 for taxes
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. CEO Thomas J. Baltimore Jr. reported equity transactions involving the company’s common stock. On January 15, 2026, he acquired 539,320 shares of common stock at $0 per share, delivered upon vesting of a performance stock unit award granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan. These shares were earned at 200% of the target level based on total shareholder return versus a designated peer group for a performance period from January 1, 2023 through December 31, 2025, as determined by the Board’s Compensation & Human Capital Committee.
On January 16, 2026, 253,136 shares were withheld at $11.49 per share to satisfy tax withholding obligations related to this award. After these transactions, Baltimore directly beneficially owned 1,866,502 shares of Park Hotels & Resorts Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 253,136 | $11.49 | $2.91M |
| Grant/Award | Common Stock | 539,320 | $0.00 | -- |
Footnotes (1)
- Represents shares of common stock earned and delivered related to a vested performance stock unit award previously granted on February 16, 2023 pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended and restated from time to time) (the "Plan"). The number of earned performance stock units was based on the achievement of performance criteria as determined by the Compensation & Human Capital Committee of the Issuer's Board of Directors on January 15, 2026 with respect to a performance period commencing on January 1, 2023 and ending on December 31, 2025 (the "Performance Period") and represents 200% of the target number of performance stock units eligible to be earned. The performance criteria measured the Issuer's achievement of certain levels of total shareholder return ("TSR") relative to a pre-determined industry peer group during the Performance Period. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the delivery of shares of common stock earned from the performance stock unit awards previously granted pursuant to the Plan.
FAQ
What insider transactions did Park Hotels & Resorts (PK) report for its CEO?
The CEO, Thomas J. Baltimore Jr., reported two transactions in common stock: an acquisition of 539,320 shares on January 15, 2026 through a vested performance stock unit award, and the withholding of 253,136 shares on January 16, 2026 to cover tax obligations.
What percentage of the target did the CEO’s performance stock units earn at Park Hotels & Resorts (PK)?
The earned performance stock units represented 200% of the target number of units eligible to be earned for the performance period.