Park National Corp (PRK) director Karen Morrison reported an acquisition of common stock on 10/27/2025. She received 345 shares at $0 pursuant to the Park National Corporation 2017 Long‑Term Incentive Plan for Non‑Employee Directors.
Following this equity award, her beneficial ownership stands at 936 shares, held directly.
Park National Corporation (PRK) disclosed a routine insider transaction on Form 4. Director Daniel Byrd Miller III received 345 common shares on 10/27/2025 as an equity award under the Park National Corporation 2017 Long‑Term Incentive Plan for Non‑Employee Directors at a reported price of $0. After this award, he beneficially owns 3,455 common shares, held directly.
Park National Corporation (PRK) director Kelly K. Gratz reported an equity award on a Form 4. On 10/27/2025, Gratz was awarded 345 common shares at $0 under the Park National Corporation 2017 Long‑Term Incentive Plan for Non‑Employee Directors.
Following the award, Gratz beneficially owned 609.0926 common shares, held directly. The filing notes that the beneficial ownership amount can differ due to shares acquired under Park’s dividend reinvestment plan.
Park National Corporation entered into a definitive Agreement and Plan of Merger with First Citizens Bancshares. First Citizens will merge into Park, followed by the merger of First Citizens National Bank into The Park National Bank. Each First Citizens share will convert into 0.52 Park common shares, subject to customary closing conditions and approvals, including the Federal Reserve and OCC, NYSE American listing of the shares to be issued, effectiveness of an S‑4, and approval by First Citizens’ shareholders. The parties target closing in the first quarter of 2026. The agreement includes a $12.5 million termination fee payable by First Citizens under certain circumstances and limits appraisal demands to 7.5% of outstanding shares.
Park also reported stronger results: Q3 2025 net income of $47.2 million (up 23.4%) and year‑to‑date net income of $137.4 million (up 21.8%). Net interest income for the nine months was $324.4 million (up 10.1%). Park repaid $175 million of subordinated debt on September 1, 2025 and an additional $15 million on September 30, 2025.
The board declared a quarterly cash dividend of $1.07 per share and a special cash dividend of $1.25 per share, payable December 10, 2025 to shareholders of record on November 21, 2025.
Park National Corp filed a Form 13F holdings report listing 495 reported positions with a combined market value of $3,196,902,694. The report was signed by J. Bradley Zellar on 10-01-2025. This filing is a periodic institutional holdings disclosure.