United Parks & Resorts (PRKS) awards 1,245 RSUs with vesting tied to CFO hire
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Forrester James W Jr reported acquisition or exercise transactions in this Form 4 filing.
United Parks & Resorts Inc. reported that officer James W. Forrester Jr. received a grant of 1,245 restricted stock units of common stock at no cost, increasing his direct holdings to 27,883 shares. The units vest 30 days after the company hires a permanent Chief Financial Officer, and he must retain at least 50% of the net shares for a period tied to his employment or its termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Forrester James W Jr
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,245 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 27,883 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,245 restricted stock units
Price per unit: $0.0000 per share
Shares owned after transaction: 27,883 shares
+2 more
5 metrics
RSUs granted
1,245 restricted stock units
Grant of common stock units to officer on May 29, 2026
Price per unit
$0.0000 per share
Equity award granted at no purchase price
Shares owned after transaction
27,883 shares
Direct beneficial ownership following the award
Vesting trigger
30 days after permanent CFO hire
Timing condition for RSU vesting
Post-vesting retention
50% of net shares
Minimum holding requirement after vesting
Key Terms
restricted stock units, 2025 Omnibus Incentive Plan, Chief Financial Officer, net shares
4 terms
restricted stock units financial
"Represents restricted stock units issued pursuant to the Issuer's 2025 Omnibus Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Omnibus Incentive Plan financial
"issued pursuant to the Issuer's 2025 Omnibus Incentive Plan, which vest thirty days after"
An omnibus incentive plan is a company-wide program that authorizes awards of pay tied to performance and retention—such as stock options, restricted shares, cash bonuses and other rewards—here labeled for the year it was adopted (2025). Investors care because it affects how much ownership can be issued, dilutes existing shareholders, and aligns executives’ and employees’ incentives with company goals, similar to giving team members a stake in the outcome.
Chief Financial Officer financial
"which vest thirty days after the registrant hires a permanent Chief Financial Officer"
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What equity award did United Parks & Resorts (PRKS) grant to James W. Forrester Jr.?
United Parks & Resorts granted James W. Forrester Jr. 1,245 restricted stock units of common stock at no purchase price. These units were issued under the company’s 2025 Omnibus Incentive Plan and will convert into shares when vesting conditions are satisfied.
When do the new restricted stock units for PRKS officer James W. Forrester Jr. vest?
The 1,245 restricted stock units vest 30 days after United Parks & Resorts hires a permanent Chief Financial Officer. Vesting timing is therefore tied to the company’s completion of that key executive hire, rather than to a fixed calendar date.
Under which plan were the new PRKS restricted stock units granted to James W. Forrester Jr.?
The 1,245 restricted stock units were granted under United Parks & Resorts’ 2025 Omnibus Incentive Plan. This plan provides equity-based compensation, such as restricted stock units, to company officers and other eligible participants subject to specified vesting and holding conditions.