Park Hotels SVP surrenders shares for tax withholding
Park Hotels & Resorts Inc. senior vice president and chief accounting officer Darren W. Robb reported a tax-related share disposition.
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Rhea-AI Filing Summary
Park Hotels & Resorts Inc. senior vice president and chief accounting officer Darren W. Robb reported a tax-related share disposition. He surrendered 751 shares of common stock at $11.25 per share to cover withholding taxes triggered by the vesting of 2,493 restricted stock shares under the company’s 2017 Omnibus Incentive Plan. After this tax-withholding disposition, he directly holds 129,682 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 751 | $11.25 | $8K |
Footnotes (1)
- F1. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 2,493 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 23, 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 20, 2026.
FAQ
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What insider transaction did Park Hotels & Resorts (PK) report for Darren W. Robb?
Was the Park Hotels & Resorts (PK) Form 4 transaction an open-market sale?
What award triggered the tax-withholding disposition in Park Hotels & Resorts (PK) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.