Director at Park Hotels (NYSE: PK) takes 2,723 shares as fees

Rhea-AI Filing Summary

Bedient Patricia M reported acquisition or exercise transactions in this Form 4 filing.

Park Hotels & Resorts Inc. director Patricia M. Bedient received an award of 2,723 shares of common stock as compensation. The shares were granted under the company’s 2017 Stock Plan for Non-Employee Directors in lieu of cash fees for serving on the board during the first quarter of 2026.

The stock was granted on March 24, 2026, the fifth business day before the fees would have been paid in cash, and vested immediately. After this award, Bedient directly holds a total of 142,137 shares of Park Hotels & Resorts common stock. This transaction reflects routine equity-based director compensation rather than an open-market stock purchase.

Insights

Corporate governance and insider transactions analyst

Routine director equity compensation with no clear valuation signal.

Director Patricia M. Bedient received 2,723 shares of Park Hotels & Resorts common stock as a grant in lieu of cash board fees for Q1 2026. The grant price was based on the closing market price on March 24, 2026.

This is standard non-employee director compensation, not an open-market purchase, so it carries limited information about her view of the stock’s value. Following the grant, she holds 142,137 shares directly, suggesting the transaction is small relative to her overall position.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Bedient Patricia M

(Last) (First) (Middle)

C/O PARK HOTELS & RESORTS INC.

1775 TYSONS BLVD, 7TH FLOOR

(Street)

TYSONS VIRGINIA 22102

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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

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

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

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	03/24/2026		A(1)		2,723	A	$0	142,137	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 1st quarter of 2026 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, March 24, 2026, 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:

	/s/ Nancy Vu, as Attorney-in-Fact	03/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Park Hotels & Resorts (PK) report for Patricia Bedient?

Park Hotels & Resorts director Patricia Bedient received 2,723 common shares as an equity award. The grant replaced cash fees for her first-quarter 2026 board service and was made under the company’s 2017 Stock Plan for Non-Employee Directors, then vested immediately on March 24, 2026.

Was the Park Hotels (PK) transaction an open-market stock purchase by Patricia Bedient?

No, the transaction was not an open-market purchase. Patricia Bedient received 2,723 shares as a stock grant in lieu of cash director fees for Q1 2026, issued under Park Hotels & Resorts’ 2017 Stock Plan and valued using the closing market price on the grant date.

How many Park Hotels & Resorts (PK) shares does Patricia Bedient hold after this grant?

After the grant, Patricia Bedient directly holds 142,137 shares of Park Hotels & Resorts common stock. This total includes the 2,723 shares awarded as non-employee director compensation for first-quarter 2026 board service, which vested immediately on March 24, 2026.

What is the purpose of the Park Hotels & Resorts 2017 Stock Plan for Non-Employee Directors?

The 2017 Stock Plan for Non-Employee Directors allows Park Hotels & Resorts to pay board compensation in stock instead of cash. Under this plan, Patricia Bedient elected to receive 2,723 unrestricted common shares for her first-quarter 2026 board fees, aligning compensation with shareholder interests.

How was the value of Patricia Bedient’s Park Hotels (PK) stock grant determined?

The value of Patricia Bedient’s 2,723-share award was based on the closing sales price of Park Hotels & Resorts common stock on March 24, 2026. That closing price, reported on the New York Stock Exchange, determined the market value of her equity compensation in lieu of cash fees.

When did the Park Hotels & Resorts (PK) director stock award to Patricia Bedient vest?

The 2,723-share award to director Patricia Bedient vested immediately on March 24, 2026. That date was the fifth business day before her first-quarter 2026 board fees would otherwise have been paid in cash, reflecting standard immediate-vesting director compensation terms.