[SCHEDULE 13G] Park Hotels & Resorts Inc. SEC Filing

Rhea-AI Filing Summary

Bank of America Corporation reported beneficial ownership of 13,475,980 shares of Park Hotels & Resorts common stock, representing 6.7% of the class. The filing shows no sole voting or dispositive power; instead, the holder reports shared voting power of 13,400,496 shares and shared dispositive power of 13,475,980 shares. The statement is filed on behalf of Bank of America and several wholly owned subsidiaries, which are identified in the filing.

This disclosure is a routine regulatory ownership report showing a material, non-controlling stake: the holder certifies the shares are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Material stake disclosed: 13,475,980 shares representing 6.7% of common stock.
• Significant shared voting power: 13,400,496 shares reported as shared voting power.
• Certification of passive intent: The reporting person certifies the shares are held in the ordinary course of business and not to influence control.
• Parent and subsidiaries identified: Filing lists Bank of America Corporation and its wholly owned subsidiaries that hold the securities.

Negative

• No sole voting or dispositive power: Reported 0 shares with sole voting or sole dispositive authority, indicating no direct control.

Insights

Financial Analyst

TL;DR: Bank of America holds a material 6.7% stake in Park Hotels & Resorts, disclosed as a shared, non‑controlling position.

The filing reports 13,475,980 shares (6.7% of the class) with shared voting power of 13,400,496 and shared dispositive power of 13,475,980. These figures signal a meaningful economic interest without sole control. For investors, a >5% disclosure is material because it increases the visibility of a large institutional holder, but the certification that the stake is held in the ordinary course and not to influence control limits immediate governance implications.

Corporate Governance Expert

TL;DR: Ownership is concentrated across Bank of America entities with shared authority; no indication of an intent to change issuer control.

The schedule identifies Bank of America Corporation and named subsidiaries as the reporting group, and explicitly reports 0 sole voting and dispositive power. That structure implies decisions about votes or dispositions are shared among affiliated entities. The filing includes an explicit certification that the holdings were not acquired to influence control, which is relevant for governance assessment and proxy considerations.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Park Hotels & Resorts Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

700517105

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 700517105

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 13,400,496.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 13,475,980.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,475,980.00

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)

6.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Park Hotels & Resorts Inc.
(b)	Address of issuer's principal executive offices: 1775 TYSONS BLVD, 7TH FLOOR, TYSONS, VIRGINIA, 22102.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 700517105
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: 13,475,980.00
(b)	Percent of class: 6.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 13,400,496.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 13,475,980.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); U.S. Trust Co of Delaware, a corporation which holding does not exceed one percent of the reported securities; and Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J).
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.

BANK OF AMERICA CORP /DE/

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	08/12/2025

FAQ

How many Park Hotels & Resorts (PK) shares does Bank of America own?

Bank of America reports beneficial ownership of 13,475,980 shares, representing 6.7% of the class.

Does Bank of America have sole voting control over Park Hotels & Resorts (PK)?

No. The filing shows 0 shares with sole voting power and 13,400,496 shares with shared voting power.

Which Bank of America entities are identified as holders in the filing?

The statement is filed by Bank of America Corporation on behalf of itself and subsidiaries including BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., U.S. Trust Co of Delaware, and Merrill Lynch International.

Was this ownership disclosed as intended to influence control of PK?

No. The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What form was filed to report this ownership for Park Hotels & Resorts (PK)?

A Schedule 13G was filed by Bank of America Corporation as the reporting person (Type: HC in the form).