United Parks & Resorts (PRKS) director reports cancellation of 6,605 shares
Rhea-AI Filing Summary
United Parks & Resorts Inc. reported that one of its directors corrected a prior stock award by canceling shares that had been granted in error. On December 29, 2025, the director disposed of 6,605 shares of common stock at a reported price of $0 through a transaction coded “J,” which the company explains relates to the cancellation of previously reported director equity awards. After this correction, the director reported owning 0 shares of United Parks & Resorts Inc. common stock. The explanation clarifies that the director awards were issued erroneously and were cancelled for no consideration, meaning there was no cash paid or received.
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FAQ
What insider transaction was reported for United Parks & Resorts Inc. (PRKS)?
A director of United Parks & Resorts Inc. reported a transaction on December 29, 2025 involving the cancellation of 6,605 shares of common stock that had been previously issued as director equity awards.
Why were 6,605 PRKS shares cancelled for the director?
The explanation states that the previously reported director equity awards were issued erroneously and were therefore cancelled for no consideration, correcting the prior award.
What is the director’s ownership in United Parks & Resorts Inc. after this transaction?
Following the reported transaction, the director’s beneficial ownership of United Parks & Resorts Inc. common stock is listed as 0 shares in the filing.
What was the reported price for the cancelled PRKS shares?
The 6,605 common shares of United Parks & Resorts Inc. involved in the transaction were reported at a price of $0, consistent with the note that they were cancelled for no consideration.
What does the transaction code J mean in this PRKS insider report?
The transaction is labeled with code J and is further explained in the notes as the cancellation of previously reported director equity awards that had been issued in error.
What role does the reporting person have at United Parks & Resorts Inc. (PRKS)?
The reporting person is identified as a Director of United Parks & Resorts Inc. and filed individually, not as part of a group.