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.
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.
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Insider Trade Summary
Exercise Price or Tax Liability: 751 shares
Exercise Price or Tax Liability
1 txn
Insider
Robb Darren W
Role
SVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 751 | $11.25 | $8K |
Holdings After Transaction:
Common Stock — 129,682 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 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
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.
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