Park Hotels (PK) EVP Jill Olander receives restricted shares and surrenders stock for taxes
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Jill C. Olander reported equity compensation activity and related tax withholding. As EVP, Human Resources, she received an annual award of 34,892 restricted shares of common stock under the company’s 2017 Omnibus Incentive Plan at a stated price of $0. These shares vest in three equal installments on each of the first three anniversaries of the grant date, contingent on her continued service.
On the following day, 3,453 common shares were surrendered in a tax-withholding disposition at $11.42 per share to cover obligations arising from the vesting of 6,891 previously granted restricted shares. After these transactions, she directly beneficially owned 198,183 shares of Park Hotels & Resorts Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,453 | $11.42 | $39K |
| Grant/Award | Common Stock | 34,892 | $0.00 | -- |
Footnotes (1)
- Represents an annual award of restricted shares of common stock of the Issuer under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time) (the "Plan"), approved by the Compensation & Human Capital Committee (the "Committee") of the Issuer, which shares will vest ratably on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service on such dates. Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 6,891 shares of restricted stock previously granted to the Reporting Person pursuant to the Plan. 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 13, 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 12, 2026.