Park Hotels EVP surrenders shares for taxes
Park Hotels & Resorts Inc. executive Nancy M. Vu, EVP, General Counsel & Secretary, reported a tax-related share disposition.
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Nancy M. Vu, EVP, General Counsel & Secretary, reported a tax-related share disposition. She surrendered 3,751 shares of common stock at $11.20 per share to the company to satisfy tax withholding due on the vesting of 8,317 restricted shares. Following this tax-withholding disposition, she beneficially owned 211,404 common shares.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 3,751 shares
Exercise Price or Tax Liability
1 txn
Insider
Vu Nancy M.
Role
EVP,Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,751 | $11.20 | $42K |
Holdings After Transaction:
Common Stock — 211,404 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 8,317 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 17, 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 13, 2026.
FAQ
What does Park Hotels & Resorts (PK) latest Form 4 disclose?
The Form 4 discloses that executive Nancy M. Vu surrendered 3,751 Park Hotels & Resorts common shares to the company to cover tax withholding on vesting restricted stock, a routine administrative disposition rather than an open-market share sale.
Was Nancy M. Vu’s Form 4 transaction an open-market sale of Park Hotels (PK) stock?
The transaction was not an open-market sale. It was a tax-withholding disposition, where 3,751 shares were surrendered back to Park Hotels & Resorts to cover taxes due on the vesting of 8,317 restricted shares previously granted to her.
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