Park Hotels (PK) EVP earns max performance stock award, shares withheld for tax
Rhea-AI Filing Summary
Park Hotels & Resorts Inc. executive Jill C. Olander, EVP of Human Resources, reported equity award activity under the company’s incentive plan. On January 15, 2026, she acquired 42,206 shares of common stock at $0, earned from a performance stock unit award granted on February 16, 2023 under the 2017 Omnibus Incentive Plan. The award vested at 200% of the target units based on the company’s total shareholder return relative to a peer group over the performance period from January 1, 2023 to December 31, 2025, as determined by the Compensation & Human Capital Committee.
On January 16, 2026, 14,671 shares were withheld at $11.49 per share to cover tax obligations related to the award. After these transactions, Olander directly beneficially owned 166,744 shares of Park Hotels & Resorts common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,671 | $11.49 | $169K |
| Grant/Award | Common Stock | 42,206 | $0.00 | -- |
Footnotes (1)
- Represents shares of common stock earned and delivered related to a vested performance stock unit award previously granted on February 16, 2023 pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended and restated from time to time) (the "Plan"). The number of earned performance stock units was based on the achievement of performance criteria as determined by the Compensation & Human Capital Committee of the Issuer's Board of Directors on January 15, 2026 with respect to a performance period commencing on January 1, 2023 and ending on December 31, 2025 (the "Performance Period") and represents 200% of the target number of performance stock units eligible to be earned. The performance criteria measured the Issuer's achievement of certain levels of total shareholder return ("TSR") relative to a pre-determined industry peer group during the Performance Period. Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the delivery of shares of common stock earned from the performance stock unit awards previously granted pursuant to the Plan.
FAQ
What insider transactions did PK executive Jill C. Olander report?
EVP of Human Resources Jill C. Olander reported two transactions in Park Hotels & Resorts common stock: an acquisition of 42,206 shares on January 15, 2026 from a vested performance stock unit award, and the withholding of 14,671 shares on January 16, 2026 to satisfy tax obligations.
What was the basis for the performance stock unit award reported by PK?
The performance stock unit award was earned under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan and vested at 200% of the target units based on the company’s total shareholder return (TSR) relative to a predetermined industry peer group over a performance period from January 1, 2023 to December 31, 2025.
What role does Jill C. Olander hold at Park Hotels & Resorts Inc. (PK)?
Jill C. Olander is reported as an Officer of Park Hotels & Resorts Inc., serving as EVP, Human Resources, and is not listed as a director or 10% owner.