Director at Park Hotels (NYSE: PK) granted 13,839 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Geoffrey reported acquisition or exercise transactions in this Form 4 filing.
Park Hotels & Resorts Inc. director Geoffrey Garrett received an award of 13,839 shares of Common Stock as restricted stock under the company’s 2017 Stock Plan for Non-Employee Directors. The award is compensation for his Board service from April 24, 2026 through the 2027 annual stockholders’ meeting.
These restricted shares will vest in full on April 30, 2027, or earlier if the 2027 annual meeting is held before that date. Following this grant, Garrett directly holds 68,529 shares of Park Hotels & Resorts Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Garrett Geoffrey
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,839 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 68,529 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock awarded: 13,839 shares
Holdings after grant: 68,529 shares
Vesting date: April 30, 2027
+2 more
5 metrics
Restricted stock awarded
13,839 shares
Common Stock grant to Geoffrey Garrett on April 24, 2026
Holdings after grant
68,529 shares
Total Park Hotels & Resorts common shares held directly after transaction
Vesting date
April 30, 2027
Restricted shares vest in full, or earlier if 2027 annual meeting occurs sooner
Service period covered
April 24, 2026 through 2027 annual meeting
Board service term linked to the restricted stock award
Transaction code
A (Grant, award, or other acquisition)
Indicates non-derivative restricted stock grant on Form 4
Key Terms
restricted stock, 2017 Stock Plan for Non-Employee Directors, vesting, Board of Directors
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"
vesting financial
"Such shares will vest in full on April 30, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Board of Directors financial
"in connection with Mr. Garrett's service on the Issuer's Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Park Hotels & Resorts (PK) report for Geoffrey Garrett?
Park Hotels & Resorts reported that director Geoffrey Garrett received 13,839 shares of Common Stock as a restricted stock award. This grant is compensation for his Board service and was not an open-market purchase, reflecting standard non-employee director equity compensation.
What plan governs Geoffrey Garrett’s restricted stock award at Park Hotels & Resorts (PK)?
Geoffrey Garrett’s award was granted under Park Hotels & Resorts’ 2017 Stock Plan for Non-Employee Directors, as amended and restated as of April 25, 2025. The plan provides equity-based compensation to outside directors, aligning their interests with stockholders over a defined service period.
Is Geoffrey Garrett’s Park Hotels (PK) Form 4 transaction a stock purchase or a grant?
The reported Form 4 transaction is a grant of 13,839 restricted shares, not a cash stock purchase. The transaction code “A” denotes a grant or award acquisition, with a price per share of $0.0000, reflecting equity compensation rather than an open-market buying decision.