United Parks & Resorts (NYSE: PRKS) details new equity awards for Interim CFO
Rhea-AI Filing Summary
United Parks & Resorts Inc. filed an amendment to a prior report to disclose additional details about compensation for James W. Forrester, Jr., who is serving as Interim Chief Financial Officer and Treasurer effective November 15, 2025. The update focuses solely on equity awards tied to this interim role.
On December 15, 2025, the company approved a one-time grant of restricted stock units with a grant date fair value of $500,000, based on the stock price at the close of trading on the effective date, vesting in four equal annual installments. If Mr. Forrester remains Interim CFO on November 14, 2026, he will receive another one-time restricted stock unit grant with a grant date fair value of $500,000, also vesting in four equal annual installments. If he is terminated by the company for any reason other than cause, any unvested portion of these awards will immediately vest. His annual base salary, annual bonus opportunity, and long-term incentive opportunity were not changed, and he continues to participate in the company’s Key Employee Severance Plan. The company will reevaluate his compensation if he remains Interim CFO through February 14, 2026.
Positive
- None.
Negative
- None.
FAQ
What did United Parks & Resorts Inc. (PRKS) change in this amended report?
The amendment updates prior disclosure to include new equity compensation terms for Interim Chief Financial Officer and Treasurer James W. Forrester, Jr., without changing other elements of his pay or the original appointment details.
What new equity awards will the Interim CFO of PRKS receive?
Mr. Forrester will receive a one-time grant of restricted stock units with a grant date fair value of $500,000 tied to his November 15, 2025 effective date, and, if he is still Interim CFO on November 14, 2026, another one-time restricted stock unit grant with a grant date fair value of $500,000. Both grants vest in four equal annual installments.
Were James W. Forrester’s salary or bonus changed when he became Interim CFO at PRKS?
No. The company states that Mr. Forrester’s annual base salary, annual bonus opportunity, and long-term incentive opportunity were not adjusted in connection with his appointment as Interim Chief Financial Officer and Treasurer.
What happens to the Interim CFO’s restricted stock units if he is terminated by PRKS?
If Mr. Forrester is terminated by the company for any reason other than cause, the unvested amount, if any, of each of his restricted stock unit awards will immediately vest.
Under what plan are the Interim CFO’s new equity awards at PRKS granted?
The restricted stock unit awards for Mr. Forrester are granted under the company’s 2025 Omnibus Incentive Plan, pursuant to the applicable award agreement.
Will PRKS review the Interim CFO’s compensation again?
Yes. United Parks & Resorts Inc. states it will reevaluate Mr. Forrester’s compensation if he continues in the role of Interim Chief Financial Officer through February 14, 2026.