Park Hotels & Resorts (PK) SVP surrenders 751 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Robb Darren W
Role
SVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 751 | $11.25 | $8K |
Holdings After Transaction:
Common Stock — 129,682 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Park Hotels & Resorts (PK) report for Darren W. Robb?
Park Hotels & Resorts reported that Darren W. Robb surrendered 751 common shares to cover tax withholding obligations from vesting restricted stock. This was an automatic tax-withholding disposition, not an open-market sale, and followed the vesting of 2,493 restricted stock shares.
Was the Park Hotels & Resorts (PK) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition coded “F,” not an open-market sale. Shares were surrendered back to the issuer to satisfy withholding taxes due on vesting restricted stock granted under the 2017 Omnibus Incentive Plan.
What award triggered the tax-withholding disposition in Park Hotels & Resorts (PK) Form 4?
The disposition was triggered by the vesting of 2,493 restricted stock shares previously granted to Darren W. Robb. These shares were awarded under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan and delivered to him on February 23, 2026, creating the related tax obligation.