PRK Form 4: Director acquires 345 shares via 2017 LTIP
Rhea-AI Filing Summary
Park National Corp (PRK) reported an insider transaction on a Form 4. A director acquired 345 common shares on 10/27/2025 at $0, coded “A,” awarded under the company’s 2017 Long‑Term Incentive Plan for Non‑Employee Directors.
Following the grant, the director directly beneficially owns 13,422.051 shares. Indirect holdings include 6,000 shares in a spouse’s managing agency account, 1,000 shares in a trust for Alex O’Neill, 1,000 shares in a trust for Ellen O’Neill, and 5,000 shares via a custodial agency for Southgate Company Limited Partnership, with beneficial ownership disclaimed as described. The filing notes beneficial ownership figures can differ due to dividend reinvestment plan acquisitions.
Positive
- None.
Negative
- None.
Insights
Routine director stock award; modest size, neutral impact.
A PRK director received 345 shares at $0 on 10/27/2025 under the 2017 Non‑Employee Directors LTIP, transaction code “A.” This indicates a non‑cash equity grant typical for board compensation.
Post‑grant direct beneficial ownership is 13,422.051 shares. The filing also lists several indirect positions (spouse account and family trusts, plus a custodial agency holding) with ownership disclaimed where the director lacks a pecuniary interest.
This looks administrative and not thesis‑changing. Actual market impact, if any, depends on future trading decisions, which are not indicated in the excerpt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 345 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- Common shares were awarded pursuant to and in accordance with the terms of the Park National Corporation 2017 Long-Term Incentive Plan for Non-Employee Directors (the "2017 Non-Employee Directors LTIP"). The number of common shares reported as beneficially owned differs due to shares acquired under Park National Corporation's ("Park") dividend reinvestment plan. The reporting person disclaims beneficial ownership of these common shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these common shares for purposes of Section 16 of the Securities Exchange of Act of 1934 or for any other purpose. The reporting person is a co-trustee of the John J. O'Neill Irrevocable Living Trust FBO Alex O'Neill. A member of the reporting person's immediate family is the beneficiary of this trust. The reporting person disclaims beneficial ownership of the Issuer's common shares in which he does not have a pecuniary interest, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such Park common shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. The reporting person is a co-trustee of the John J. O'Neill Irrevocable Living Trust FBO Ellen O'Neill. A member of the reporting person's immediate family is the beneficiary of this trust. The reporting person disclaims beneficial ownership of the Park common shares in which he does not have a pecuniary interest, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such Park common shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose. The reporting person is President of Southgate Corporation, which corporation is the general partner of Southgate Company Limited Partnership. The reporting person disclaims beneficial ownership of the Park common shares held in an agency account for Southgate Company Limited Partnership, in which he does not have a pecuniary interest, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Park common shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
