Vanguard reassigns PK holdings after realignment (PK)

Rhea-AI Filing Summary

Park Hotels & Resorts Inc reported an amended Schedule 13G/A from The Vanguard Group showing no beneficial ownership. The filing states that, following an internal realignment effective January 12, 2026, certain Vanguard subsidiaries now report holdings separately and The Vanguard Group no longer is deemed to beneficially own the shares. The amendment lists 0 shares beneficially owned and 0% of the class, with all voting and dispositive powers shown as zero.

Insights

Institutional Ownership Analyst

Amendment shows Vanguard's reporting split; parent entity reports zero ownership.

The amendment explains an internal realignment dated January 12, 2026 and reliance on SEC Release No. 34-39538 for disaggregated reporting. The filing explicitly lists 0 shares and 0% beneficial ownership for The Vanguard Group as an entity.

Implications depend on subsidiary filings that may show holdings; subsequent Schedule 13 filings by Vanguard affiliates will clarify where positions now reside. Cash‑flow treatment and specific subsidiary amounts are timing not included in the provided excerpt.

Corporate Governance Specialist

Realignment shifts attribution of holdings; reporting entity no longer claims beneficial ownership.

The disclosure cites SEC Release No. 34-39538 and states the subsidiaries pursue prior investment strategies while reporting separately. The Vanguard Group "no longer has, or is deemed to have, beneficial ownership" of securities held by those subsidiaries.

For ownership continuity, review the separate 13G/A filings of Vanguard subsidiaries to see where economic and voting interests are now recorded; the parent entity's zero ownership here is a reporting reallocation rather than evidence of sale.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 9)

Park Hotels & Resorts Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

700517105

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 700517105

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Park Hotels & Resorts Inc
(b)	Address of issuer's principal executive offices: 1775 Tysons Blvd, 7th Fl, Mc Lean, VA, 22102
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/27/2026

FAQ

What does Vanguard's Schedule 13G/A amendment for PK state?

The amendment states The Vanguard Group reports 0 shares and 0% ownership of Park Hotels & Resorts after an internal realignment on January 12, 2026. The filing attributes holdings to separate subsidiaries that now report independently.

Why does The Vanguard Group report zero ownership of PK?

Because of an internal realignment on January 12, 2026, certain Vanguard subsidiaries now report beneficial ownership separately under SEC Release No. 34-39538, and the parent no longer is deemed to beneficially own those securities.

Does the amendment mean Vanguard sold PK shares?

No; the amendment indicates a reporting reallocation under SEC Release No. 34-39538. It states the parent no longer is deemed to own the shares, while subsidiaries report separately; the filing does not state any sales or transfers of economic interest.

Who signed the Schedule 13G/A amendment for PK?

The report was signed by Ashley Grim, Head of Global Fund Administration, on 03/27/2026, certifying the amended Schedule 13G/A for The Vanguard Group regarding Park Hotels & Resorts common stock.

Where can I find the actual subsidiary holdings after the realignment?

The amendment notes subsidiaries will report separately; locate subsequent Schedule 13G/A filings by Vanguard subsidiaries or related filings referencing SEC Release No. 34-39538 to view specific subsidiary-level holdings and percentages.