Park Hotels & Resorts (NYSE: PK) SVP earns 25,524 shares, 8,346 withheld
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. senior vice president and chief accounting officer Darren W. Robb reported equity transactions in company stock. On January 15, 2026, he acquired 25,524 shares of common stock at $0 per share upon vesting of a performance stock unit award granted under the company’s 2017 Omnibus Incentive Plan. The award paid out at 200% of the target number of units based on total shareholder return versus an industry peer group for the performance period from January 1, 2023 through December 31, 2025.
On January 16, 2026, 8,346 shares were withheld by the company at $11.49 per share to cover tax obligations related to the vesting. After these transactions, Robb directly owned 114,968 shares of Park Hotels & Resorts common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,346 | $11.49 | $96K |
| Grant/Award | Common Stock | 25,524 | $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 Darren W. Robb?
The filing reports that Darren W. Robb, senior vice president and chief accounting officer of Park Hotels & Resorts Inc., received 25,524 shares of common stock from a vested performance stock unit award on January 15, 2026, and had 8,346 shares withheld on January 16, 2026 to satisfy tax obligations.
What was the basis for the performance stock unit payout reported by Park Hotels & Resorts (PK)?
The number of performance stock units earned was determined by the Compensation & Human Capital Committee based on total shareholder return relative to a pre-determined industry peer group over a performance period from January 1, 2023 to December 31, 2025, resulting in a payout of 200% of the target units.
What role does the 2017 Omnibus Incentive Plan play in this Park Hotels & Resorts (PK) Form 4?
The reported equity award was granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan. The vested performance stock units, which converted into 25,524 shares of common stock, were issued pursuant to this plan.
What officer position does the reporting person hold at Park Hotels & Resorts (PK)?
The reporting person, Darren W. Robb, is identified as an officer of Park Hotels & Resorts Inc. with the title SVP and CAO (senior vice president and chief accounting officer).