[Form 4] United Parks & Resorts Inc. Insider Trading Activity

Rhea-AI Filing Summary

United Parks & Resorts Inc. (PRKS) reported insider awards to Kevin M. Connelly, the company's Chief Accounting Officer. The filing shows 4,878 restricted stock units granted on 08/19/2025 that vest over four years with 25% vesting each anniversary. In addition, two employee stock options were granted the same date totaling 4,878 underlying shares (3,415 and 1,463) with an exercise price of $51.25 and an expiration in 2035; each option grant vests over four years with 25% vesting annually. The RSUs include an ownership retention requirement: the officer must hold at least 50% of net shares received upon vesting for specified post-vesting periods tied to continued employment or termination. The Form 4 was signed by power of attorney on 09/15/2025.

Positive

• 4,878 restricted stock units and options granted to the Chief Accounting Officer, aligning executive incentives with shareholder value
• Vesting over four years with 25% annual vesting supports retention
• Ownership retention requirement: officer must hold at least 50% of net shares received upon vesting, enhancing alignment

Negative

• None.

Insights

Compensation & Governance Analyst

TL;DR: Routine equity-based compensation for a senior finance executive with multi-year vesting and share-retention safeguards.

The grants to the Chief Accounting Officer are structured as standard long-term incentive awards: restricted stock units and time-vested stock options with four-year vesting schedules and a 10-year term to 2035 for the options. The requirement to retain at least 50% of net vested shares strengthens ownership alignment and suggests a focus on retention and governance. There is no cash transaction or exercise reported; these are equity grants recorded under the issuer's 2025 Omnibus Incentive Plan. For investors, this is a routine disclosure of compensation rather than an operational or financial performance event.

Securities Analyst

TL;DR: Non-material insider awards disclosed; no immediate change to outstanding shares reported from exercises.

The Form 4 documents issuance of 4,878 RSUs and two option awards (3,415 and 1,463 underlying shares) granted on 08/19/2025 with an exercise price of $51.25 and expirations in 2035. The report indicates these are grants (code A) and shows 4,878 shares beneficially owned following the transaction. Because these are grants and not exercises or sales, there is no immediate cash flow or share issuance beyond the reporting of holdings. This filing is informational for monitoring insider incentives; it does not, by itself, indicate material dilution or change in control.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Connelly Kevin M.

(Last) (First) (Middle)

6240 SEA HARBOR DRIVE

(Street)

ORLANDO FL 32819

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
United Parks & Resorts Inc. [ PRKS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		A		4,878(1)	A	$0	4,878	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$51.25	08/19/2025		A		3,415		(2)	08/19/2035	Common Stock	3,415	$51.25	3,415	D
Employee Stock Option (right to buy)	$51.25	08/19/2025		A		1,463		(3)	08/19/2035	Common Stock	1,463	$51.25	1,463	D

Explanation of Responses:

1. Represents restricted stock units issued pursuant to the Issuer's 2025 Omnibus Incentive Plan, which vest over four years, with 25% vesting on each of the first four anniversaries of the date of grant. In addition, the officer is required to maintain ownership of at least fifty percent of the net shares received upon vesting until: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.

2. The option becomes exercisable over four years, with 25% becoming exercisable on each of the first four anniversaries of the date of grant.

3. The option vests over four years, with 25% vesting on each of the first four anniversaries of the date of grant. Any vested options become exercisable: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.

Remarks:

Chief Accounting Officer

	/s/ Dan Bollinger by Power of Attorney	09/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did PRKS report for Kevin M. Connelly?

The Form 4 reports grants on 08/19/2025 of 4,878 restricted stock units and two employee stock option awards totaling 4,878 underlying shares (3,415 and 1,463).

What are the terms of the stock options granted to PRKS's Chief Accounting Officer?

Options have an exercise price of $51.25, were granted on 08/19/2025, vest over four years (25% annually), and expire in 2035.

When do the RSUs and options vest for the PRKS grants?

Both the restricted stock units and the options vest over four years with 25% vesting on each of the first four anniversaries of the grant date.

Does the filing show any immediate sale or exercise of securities by the reporting person?

No. The transactions are coded as grants (code A) and show beneficial ownership of 4,878 shares following the grant; no dispositions or exercises are reported.

Are there any post-vesting holding requirements noted in the PRKS Form 4?

Yes. The officer must retain at least 50% of the net shares received upon vesting until specified post-vesting dates tied to continued employment or termination.