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.

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).

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^*

Piantedosi Joseph M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Asset Management

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		F(1)		1,679	D	$11.25	116,139	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. 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.

Remarks:

	/s/ Nancy Vu, as Attorney-in-Fact	02/25/2026
	** 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.

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.

At what price were the surrendered Park Hotels (PK) shares valued in this Form 4?

The 1,679 Park Hotels & Resorts shares surrendered for tax withholding were valued at $11.25 per share. This price reflected the New York Stock Exchange closing price on February 20, 2026, the trading day immediately before delivery of the vested restricted shares.

How many Park Hotels (PK) shares does Joseph M. Piantedosi own after this transaction?

Following the tax-withholding disposition, Joseph M. Piantedosi directly owns 116,139 shares of Park Hotels & Resorts common stock. This figure reflects his holdings after surrendering 1,679 shares to cover taxes on the vesting of 3,721 restricted stock shares.

What triggered the tax-withholding share disposition reported by Park Hotels (PK)?

The disposition was triggered by the vesting of 3,721 restricted stock shares previously granted to Joseph M. Piantedosi. To meet related tax withholding obligations, he delivered 1,679 shares back to Park Hotels & Resorts instead of paying the taxes in cash.