Park Hotels (NYSE: PK) EVP uses 1,679 shares to cover taxes
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Joseph M. Piantedosi, EVP of Asset Management, reported a tax-related share disposition. He surrendered 1,679 common shares at $11.25 per share to the company to cover withholding taxes on the vesting of 3,721 restricted shares. After this transaction, he directly holds 116,139 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,679 shares
Net Sell
1 txn
Insider
Piantedosi Joseph M.
Role
EVP, Asset Management
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,679 | $11.25 | $19K |
Holdings After Transaction:
Common Stock — 116,139 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 3,721 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.
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FAQ
What insider transaction did Park Hotels & Resorts (PK) report for Joseph M. Piantedosi?
Park Hotels & Resorts reported that EVP Joseph M. Piantedosi surrendered 1,679 common shares to the company. The disposition covered tax withholding obligations arising from the vesting of 3,721 restricted stock shares granted under the 2017 Omnibus Incentive Plan.
Was the Park Hotels (PK) insider transaction an open-market sale?
No, the transaction was not an open-market sale. Joseph M. Piantedosi surrendered 1,679 shares back to Park Hotels & Resorts to satisfy tax withholding obligations triggered by restricted stock vesting, a common administrative mechanism rather than a discretionary market sale.