United Parks (PRKS) awards RSUs and options to Chief Legal Officer
Filing Impact
Filing Sentiment
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 Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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.
Key Figures
Restricted stock units granted: 47,169 shares
Stock options granted: 29,481 options
Option exercise price: $33.92 per share
+5 more
8 metrics
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
Key Terms
restricted stock units, 2025 Omnibus Incentive Plan, Employee Stock Option (right to buy), exercise price, +2 more
6 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 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"
FAQ
What did the PRKS Chief Legal Officer receive in this Form 4 filing?
The Chief Legal Officer received equity compensation, including restricted stock units and stock options. These awards increase his alignment with shareholders by tying part of his pay to United Parks & Resorts Inc.’s future share performance and continued service over several years.
How many PRKS restricted stock units were granted to the Chief Legal Officer?
He was granted 47,169 restricted stock units of United Parks & Resorts Inc. common stock. These RSUs convert into shares over time as they vest, providing long-term incentives linked to his continued employment and the company’s equity value.
What stock options were granted to the PRKS Chief Legal Officer?
He received 29,481 employee stock options to purchase United Parks & Resorts Inc. common stock at $33.92 per share. These options provide potential upside if the stock trades above the exercise price before they expire in 2036.
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.