[Form 4] Park Hotels & Resorts Inc. Insider Trading Activity

Rhea-AI Filing Summary

Park Hotels & Resorts Inc. (PK) director Kelly B. Christie received 2,596 shares of unrestricted common stock on September 23, 2025, elected in lieu of cash board fees under the 2017 Stock Plan for Non-Employee Directors. The shares were granted five business days before the fees would have been payable and vested immediately. After the award, Ms. Christie beneficially owned 144,723 shares. The grant value was based on the NYSE closing price on the grant date. The Form 4 was signed by an attorney-in-fact on September 24, 2025.

Insights

Corporate Governance Expert

TL;DR: Routine director stock election to receive fees in common stock; immediate vesting and disclosure are standard governance practice.

This Form 4 discloses a non-derivative grant of 2,596 shares to a director who elected stock in lieu of cash fees under the company’s non-employee director plan. The award vested immediately and was priced using the NYSE closing price on the grant date, which aligns with typical director compensation mechanics. The filing shows transparency in insider reporting and updates the director’s total beneficial ownership to 144,723 shares.

Securities Analyst

TL;DR: The transaction is a routine compensation election with negligible immediate market impact given the size disclosed.

From a market perspective, the transaction is an administrative issuance tied to board compensation rather than a market-driven purchase or sale. The number of shares granted is explicit and the report follows Section 16 reporting requirements. No derivative transactions, dispositions, or exercised options are reported. The filing does not indicate any change in control, material transfers, or other events that would materially affect valuation.

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

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

1. Name and Address of Reporting Person^*

Kelly Christie B.

(Last) (First) (Middle)

C/O PARK HOTELS & RESORTS INC.

1775 TYSONS BLVD, 7TH FLOOR

(Street)

TYSONS VA 22102

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/23/2025		A(1)		2,596	A	$0	144,723	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated, in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 3rd quarter of 2025 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, September 23, 2025, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Nancy Vu, as Attorney-in-Fact	09/24/2025
	** 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.

FAQ

What transaction did Park Hotels & Resorts director Kelly B. Christie report on Form 4?

The Form 4 reports a grant of 2,596 shares of unrestricted common stock received in lieu of cash board fees on September 23, 2025.

How many shares did Kelly B. Christie own after the reported transaction (PK)?

Following the grant, the reporting person beneficially owned 144,723 shares.

Were the shares vested or subject to restrictions in this Form 4 filing?

The shares vested immediately upon grant according to the filing.

How was the grant value determined for the awarded shares?

The Common Stock had a market value based on the NYSE closing price on the grant date, September 23, 2025.

Was this Form 4 filed jointly or by a single reporting person?

The filing indicates it was by one reporting person and signed by an attorney-in-fact on behalf of the reporting person.