Director at United Parks (NYSE: PRKS) gets 5,404 share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Narang Neha Jogani reported acquisition or exercise transactions in this Form 4 filing.
United Parks & Resorts Inc. director Neha Jogani Narang received an equity grant of 5,404 shares of Common Stock at $46.25 per share. This award was granted under the company’s 2025 Omnibus Incentive Plan and will vest 100% on the day before the 2027 Annual Meeting of Stockholders. After this grant, she directly owns 56,546 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Narang Neha Jogani
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,404 | $46.25 | $250K |
Holdings After Transaction:
Common Stock — 56,546 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 5,404 shares
Reported grant price: $46.25 per share
Holdings after grant: 56,546 shares
+1 more
4 metrics
Equity grant size
5,404 shares
Common Stock grant to director on transaction date
Reported grant price
$46.25 per share
Value assigned to Common Stock grant
Holdings after grant
56,546 shares
Total direct Common Stock owned following transaction
Vesting timing
Day before 2027 Annual Meeting
100% vesting date for granted shares
Key Terms
2025 Omnibus Incentive Plan, vesting, Common Stock, Grant, award, or other acquisition
4 terms
2025 Omnibus Incentive Plan financial
"Granted under the Issuers 2025 Omnibus Incentive Plan and vests 100%"
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.
vesting financial
"vests 100% on the day before the 2027 Annual Meeting of Stockholders"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did United Parks & Resorts (PRKS) director Neha Jogani Narang report on this Form 4?
Neha Jogani Narang reported receiving a grant of 5,404 United Parks & Resorts Common Stock shares. The award was made at $46.25 per share under the 2025 Omnibus Incentive Plan and reflects a compensation-related equity grant, not an open-market purchase.
Was Neha Jogani Narang’s PRKS transaction an open-market buy or a compensation grant?
The transaction was a compensation-related grant, not an open-market purchase. The Form 4 uses transaction code A, described as a grant, award, or other acquisition, and the footnote confirms it was issued under the 2025 Omnibus Incentive Plan.
What does the transaction price of $46.25 mean in Neha Jogani Narang’s PRKS grant?
The reported price of $46.25 per share is the value assigned to each granted share of Common Stock. This figure is used for reporting and compensation valuation purposes and does not indicate that she bought shares in the open market at that price.