Park Hotels director receives restricted stock grant

SADOVE STEPHEN I reported acquisition or exercise transactions in this Form 4 filing.

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

SADOVE STEPHEN I reported acquisition or exercise transactions in this Form 4 filing.

Park Hotels & Resorts Inc. director Stephen I. Sadove received an award of 13,839 shares of restricted common stock at no cash cost, granted under the company’s 2017 Stock Plan for Non-Employee Directors. The award compensates his Board service from April 24, 2026 through the company’s 2027 annual stockholder meeting.

These restricted shares will vest in full on April 30, 2027 or, if earlier, on the date of the 2027 annual meeting. Following the grant, Sadove directly holds 101,671 shares of common stock. In addition, 23,816 shares are held by the Sadove Family Delaware Dynasty Trust, in which he has a pecuniary interest, and 20,000 shares are held by the Stephen I. Sadove Revocable Trust, where he serves as trustee.

Insider Trade Summary

Grant/Award: 13,839 shares

Grant/Award 3 txns

Insider SADOVE STEPHEN I

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13,839	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 101,671 shares (Direct); Common Stock — 20,000 shares (Indirect, By Family Trust); Common Stock — 23,816 shares (Indirect, By Trust)

Footnotes (3)

F1. Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated as of April 25, 2025) in connection with Mr. Sadove's service on the Issuer's Board of Directors for the period from April 24, 2026 through (and including) the date of the Issuer's 2027 annual meeting of stockholders. Such shares will vest in full on April 30, 2027 (or, if earlier, the date on which the Issuer's 2027 annual meeting of stockholders is held).
F2. Shares are held by the Sadove Family Delaware Dynasty Trust, of which the reporting person has a pecuniary interest.
F3. Shares are held by the Stephen I. Sadove Revocable Trust, of which the reporting person serves as the trustee.

Key Figures

Restricted stock award: 13,839 shares Grant price: $0.0000 per share Direct holdings after grant: 101,671 shares +4 more

7 metrics

Restricted stock award 13,839 shares Grant of restricted common stock to Stephen Sadove

Grant price $0.0000 per share Non-cash equity award under director stock plan

Direct holdings after grant 101,671 shares Stephen Sadove direct Park Hotels common stock position

Dynasty Trust holdings 23,816 shares Sadove Family Delaware Dynasty Trust position with pecuniary interest

Revocable Trust holdings 20,000 shares Stephen I. Sadove Revocable Trust holdings

Vesting date April 30, 2027 Restricted shares vest in full or earlier 2027 meeting date

Service period covered April 24, 2026–2027 annual meeting Board service period tied to the restricted stock award

Key Terms

restricted stock, 2017 Stock Plan for Non-Employee Directors, pecuniary interest, Revocable Trust

4 terms

restricted stock financial

"Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2017 Stock Plan for Non-Employee Directors financial

"pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated)"

pecuniary interest financial

"Sadove Family Delaware Dynasty Trust, of which the reporting person has a pecuniary interest"

Revocable Trust financial

"Stephen I. Sadove Revocable Trust, of which the reporting person serves as the trustee"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Park Hotels & Resorts (PK) director Stephen Sadove report in this Form 4?

Stephen Sadove reported receiving 13,839 restricted shares of Park Hotels & Resorts common stock as a Board compensation award. The grant reflects non-cash equity given for his service as a non-employee director for the upcoming Board term through the 2027 annual meeting.

How many Park Hotels (PK) shares does Stephen Sadove hold after the latest award?

After the restricted stock award, Stephen Sadove directly holds 101,671 Park Hotels common shares. Additional indirect holdings include 23,816 shares in the Sadove Family Delaware Dynasty Trust and 20,000 shares in the Stephen I. Sadove Revocable Trust, reflecting further economic interests through these entities.

When do Stephen Sadove’s new restricted Park Hotels (PK) shares vest?

The 13,839 restricted shares granted to Stephen Sadove vest in full on April 30, 2027. Vesting could occur earlier if Park Hotels holds its 2027 annual meeting before that date, aligning vesting with the end of his compensated Board service period.

What plan governs the restricted stock granted to Park Hotels (PK) director Stephen Sadove?

The restricted stock award was granted under Park Hotels & Resorts’ 2017 Stock Plan for Non-Employee Directors, as amended and restated effective April 25, 2025. This plan provides equity-based compensation to outside directors instead of cash, aligning their interests with common stockholders.

How are Stephen Sadove’s indirect Park Hotels (PK) holdings structured?

Indirect Park Hotels holdings are split between two trusts: 23,816 shares in the Sadove Family Delaware Dynasty Trust, where he has a pecuniary interest, and 20,000 shares in the Stephen I. Sadove Revocable Trust, where he serves as trustee and therefore has authority over those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 04/28/2026 - 04:15 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SADOVE STEPHEN I

(Last)

(First)

(Middle)

C/O PARK HOTELS & RESORTS INC.

1775 TYSONS BLVD, 7TH FLOOR

(Street)

TYSONS

VIRGINIA

22102

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Park Hotels & Resorts Inc. [ PK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/24/2026		A⁽¹⁾		13,839	A	$0	101,671	D
Common Stock								20,000	I	By Family Trust⁽²⁾
Common Stock								23,816	I	By Trust⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated as of April 25, 2025) in connection with Mr. Sadove's service on the Issuer's Board of Directors for the period from April 24, 2026 through (and including) the date of the Issuer's 2027 annual meeting of stockholders. Such shares will vest in full on April 30, 2027 (or, if earlier, the date on which the Issuer's 2027 annual meeting of stockholders is held).

2. Shares are held by the Sadove Family Delaware Dynasty Trust, of which the reporting person has a pecuniary interest.

3. Shares are held by the Stephen I. Sadove Revocable Trust, of which the reporting person serves as the trustee.

Remarks:

	/s/ Nancy Vu, as Attorney-in-Fact	04/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR