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.

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^*

Olander Jill C

(Last) (First) (Middle)

C/O PARK HOTELS & RESORTS INC.

1775 TYSONS BLVD, 7TH FLOOR

(Street)

TYSONS VA 22102

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Park Hotels & Resorts Inc. [ PK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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

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

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

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	01/15/2026		A(1)		42,206	A	$0	181,415	D
Common Stock	01/16/2026		F(2)		14,671	D	$11.49	166,744	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. 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.

2. 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.

Remarks:

	/s/ Nancy Vu, as Attorney-in-Fact	01/20/2026
	** 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.

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.

How many Park Hotels & Resorts (PK) shares does Jill C. Olander now own?

Following the reported transactions, Jill C. Olander directly beneficially owned 166,744 shares of Park Hotels & Resorts Inc. common stock.

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.

Why were 14,671 PK shares withheld in Jill C. Olander’s Form 4?

The 14,671 shares of Park Hotels & Resorts common stock were withheld by the issuer to satisfy tax withholding obligations in connection with the delivery of shares earned from the performance stock unit awards.

What price was used for the tax withholding shares in the PK Form 4?

The shares withheld for taxes on January 16, 2026 were valued at $11.49 per share for the purpose of satisfying tax withholding obligations.

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.

Was the PK Form 4 transaction related to open-market buying or selling?

No open-market buy or sell is reported. The Form 4 shows shares acquired from a vested performance stock unit award at $0 and shares withheld by the issuer to cover tax obligations, rather than discretionary market trades.