United Parks & Resorts (PRKS) CAO logs stock award and tax withholding move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
United Parks & Resorts Inc. Chief Accounting Officer Kevin M. Connelly reported routine equity compensation activity involving the company’s common stock. On settlement of a performance-based restricted stock unit award related to the 2025 Bonus Incentive Plan, he acquired 151 shares as a grant at no cash cost. The company simultaneously withheld 45 shares to cover associated tax liabilities upon vesting of restricted stock, a non-market, tax-withholding disposition. After these transactions, Connelly directly holds 5,029 shares of common stock, indicating a small net increase in his direct ownership driven by compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Connelly Kevin M.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 151 | $0.00 | -- |
| Tax Withholding | Common Stock | 45 | $34.36 | $2K |
Holdings After Transaction:
Common Stock — 5,029 shares (Direct, null)
Footnotes (1)
- Represents common stock of the Issuer acquired upon settlement of a performance-based restricted stock unit award previously granted to the Reporting Person related to the 2025 Bonus Incentive Plan. Shares withheld by the Company for the payment of tax liability incident to the vesting of shares of restricted stock.
Key Figures
Tax-withheld shares: 45 shares
Awarded shares: 151 shares
Holding after tax withholding: 4,923 shares
+3 more
6 metrics
Tax-withheld shares
45 shares
Shares withheld for tax liability on 2026-04-29
Awarded shares
151 shares
Grant/acquisition from performance-based RSU settlement on 2026-04-29
Holding after tax withholding
4,923 shares
Directly held common stock after F-code transaction
Final direct holdings
5,029 shares
Directly held common stock after A-code grant
Reference price for tax withholding
$34.36 per share
Price per share used for F-code tax-withholding entry
Tax-withholding shares count
45 shares
Aggregate tax-withholding shares in transactionSummary
Key Terms
performance-based restricted stock unit, 2025 Bonus Incentive Plan, restricted stock, tax liability, +1 more
5 terms
performance-based restricted stock unit financial
"acquired upon settlement of a performance-based restricted stock unit award previously granted"
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
2025 Bonus Incentive Plan financial
"award previously granted to the Reporting Person related to the 2025 Bonus Incentive Plan"
restricted stock financial
"incident to the vesting of shares of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax liability financial
"for the payment of tax liability incident to the vesting"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did PRKS Chief Accounting Officer Kevin Connelly report?
Kevin Connelly reported routine equity compensation activity in PRKS stock. He received 151 shares as a performance-based award and had 45 shares withheld to cover taxes, resulting in a small net increase in directly held common shares to 5,029.