STOCK TITAN

United Parks (PRKS) awards RSUs and options to Chief Legal Officer

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

United Parks & Resorts Inc. reported that Chief Legal Officer Thomas Brian Kelly received new equity awards. He was granted 47,169 shares of common stock as restricted stock units under the company’s 2025 Omnibus Incentive Plan, vesting in four equal annual installments.

He also received an option to buy 29,481 shares of common stock at an exercise price of $33.92 per share, which becomes exercisable in four equal annual installments and expires in 2036. These are compensation grants, not open‑market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Kelly Thomas Brian
Role Chief Legal Officer
Type Security Shares Price Value
Grant/Award Employee Stock Option (right to buy) 29,481 $33.92 $1000K
Grant/Award Common Stock 47,169 $0.00 --
Holdings After Transaction: Employee Stock Option (right to buy) — 29,481 shares (Direct, null); Common Stock — 47,169 shares (Direct, null)
Footnotes (1)
  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. The option becomes exercisable over four years, with 25% becoming exercisable on each of the first four anniversaries of the date of grant.
Restricted stock units granted 47,169 shares RSUs granted to Chief Legal Officer, vesting over four years
Stock options granted 29,481 options Employee Stock Options granted on common stock
Option exercise price $33.92 per share Exercise price for 29,481 employee stock options
Option expiration date March 6, 2036 Expiration of employee stock options granted March 6, 2026
Shares underlying options 29,481 shares Common stock underlying granted employee stock options
RSU vesting schedule 25% per year over 4 years RSUs vest on each of the first four anniversaries of grant
Option vesting schedule 25% per year over 4 years Options become exercisable on each of the first four anniversaries
Common shares held after RSU grant 47,169 shares Total non-derivative shares following RSU award
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 over four years"
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.
Employee Stock Option (right to buy) financial
"security_title": "Employee Stock Option (right to buy)""
exercise price financial
"transaction_price_per_share": "33.9200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vest financial
"which vest over four years, with 25% vesting on each of the first four anniversaries"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
exercisable financial
"The option becomes exercisable over four years, with 25% becoming exercisable"
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Kelly Thomas Brian

(Last)(First)(Middle)
C/O UNITED PARKS & RESORTS INC.
6240 SEA HARBOR DRIVE

(Street)
ORLANDO FLORIDA 32821

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
United Parks & Resorts Inc. [ PRKS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock03/06/2026A47,169A(1)47,169D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)$33.9203/06/2026A29,481 (2)03/06/2036Common Stock29,481$33.9229,481D
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.
2. The option becomes exercisable over four years, with 25% becoming exercisable on each of the first four anniversaries of the date of grant.
/s/ Dan Bollinger, by Power of Attorney05/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

How do the PRKS restricted stock units and options vest over time?

Both the RSUs and the options vest over four years, with 25% vesting on each of the first four anniversaries of the grant date. This staggered schedule encourages long-term retention and ongoing performance by the Chief Legal Officer.

Is this PRKS Form 4 a stock purchase or sale on the open market?

No, the Form 4 reports grant or award acquisitions, not open-market trades. The Chief Legal Officer received RSUs and options as part of his compensation, with no reported market purchases or sales of United Parks & Resorts Inc. shares in this filing.