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United Parks & Resorts (PRKS): Hill Path group discloses control of about 60% of shares

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

United Parks & Resorts Inc. is the subject of an amended Schedule 13D in which Hill Path–affiliated funds and entities update their beneficial ownership. The amendment is triggered by a decrease in shares outstanding, which raised their ownership percentages without new open‑market transactions.

Based on 45,341,309 shares outstanding as of July 31, 2026, Hill Path Investment Holdings, together with related general partners and investment manager Hill Path Capital, may be deemed to beneficially own 27,205,306 shares, or approximately 60.0% of the company’s common stock. Scott Ross, as managing partner of these entities and with 76,176 shares held directly, may be deemed to beneficially own 27,281,482 shares, or about 60.2%. James P. Chambers beneficially owns 29,975 shares, less than 1%.

The filing also notes RSU grants under the 2025 Omnibus Incentive Plan: on June 16, 2026, each of Messrs. Chambers and Ross received 5,404 RSUs vesting 100% before the 2027 annual meeting; on June 30, 2026, Chambers received 1,098 RSUs and Ross 1,821 RSUs, each vesting immediately. The reporting persons expressly disclaim beneficial ownership of securities they do not directly own.

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Shares outstanding 45,341,309 shares Common stock outstanding as of July 31, 2026
Hill Path Investment Holdings ownership 27,205,306 shares (60.0%) Beneficial ownership of United Parks & Resorts common stock
Scott Ross beneficial ownership 27,281,482 shares (60.2%) Includes 76,176 shares held directly as a director
HEP Fund holdings 10,518,006 shares (23.2%) Beneficial ownership through HEP Fund
HM Fund holdings 2,695,994 shares (5.9%) Beneficial ownership through HM Fund
RSUs granted June 16, 2026 5,404 RSUs each RSUs to Messrs. Chambers and Ross vesting before 2027 annual meeting
RSUs granted June 30, 2026 to Chambers 1,098 RSUs Vesting 100% immediately under 2025 Omnibus Incentive Plan
RSUs granted June 30, 2026 to Ross 1,821 RSUs Vesting 100% immediately under 2025 Omnibus Incentive Plan
beneficial owner financial
"may be deemed the beneficial owner of the 10,518,006 Shares owned"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
restricted stock units financial
"were granted 5,404 restricted stock units ("RSUs") pursuant to the Issuer's 2025"
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
"pursuant to the Issuer's 2025 Omnibus Incentive Plan (the "Incentive Plan")"
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.
sole power to vote or direct vote financial
"1. Sole power to vote or direct vote: 27,205,306"
Schedule 13D regulatory
"for purposes of Section 13(d) of the Securities Exchange Act of 1934"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
shares outstanding financial
"based upon 45,341,309 Shares outstanding as of July 31, 2026"
Shares outstanding are the total number of a company’s stock units held by all shareholders, including institutional investors and company insiders — think of them as the total number of slices of the company’s ownership pie. Investors use this number to calculate how much of the company each share represents, and it directly affects per-share measures like earnings per share, ownership percentage and valuation; when the slice count changes, an investor’s claim and the company’s per-share metrics change too.

FAQ

What ownership stake in PRKS does Hill Path report in this Schedule 13D/A?

Hill Path Investment Holdings and related entities may be deemed to beneficially own 27,205,306 shares of PRKS, representing approximately 60.0% of the 45,341,309 shares outstanding as of July 31, 2026.

How many United Parks & Resorts (PRKS) shares does Scott Ross beneficially own?

Scott Ross is reported as beneficially owning 27,281,482 shares of PRKS, or about 60.2% of outstanding shares, including 76,176 shares held directly that were awarded to him in his capacity as a director.

Why was this Amendment No. 24 to the Schedule 13D for PRKS filed?

The amendment was filed due to a change in the percentage of PRKS shares owned by the reporting persons resulting from a decrease in the number of shares outstanding, not because of new reported market acquisitions.

What share count for PRKS does Hill Path use to calculate ownership percentages?

Ownership percentages are based on 45,341,309 shares of PRKS common stock outstanding as of July 31, 2026, the total reported in the company’s Form 10‑Q filed on August 7, 2026.

What equity awards did Scott Ross and James P. Chambers receive from PRKS in 2026?

On June 16, 2026, each received 5,404 RSUs vesting 100% before the 2027 annual meeting. On June 30, 2026, Chambers received 1,098 RSUs and Ross 1,821 RSUs, each vesting 100% immediately under the 2025 Omnibus Incentive Plan.

Does Hill Path disclose any recent trading in PRKS shares in this amendment?

The filing states that, other than transactions described in Item 6 (RSU grants), the reporting persons have not entered into any transactions in PRKS securities during the past sixty days.

How many PRKS shares does HEP Fund, an affiliate of Hill Path, own?

HEP Fund is reported as beneficially owning 10,518,006 shares of PRKS, representing approximately 23.2% of the company’s outstanding common stock as of July 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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81282V100

(CUSIP Number)
SCOTT ROSS
HILL PATH CAPITAL LP, 150 East 58th Street, 33rd Floor
New York, NY, 10155
212-632-5420

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/07/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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Hill Path Capital Partners LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner
Date:08/11/2026
Hill Path Capital Co-Investment Partners LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
Hill Path Capital Partners-H LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
Hill Path Capital Partners Co-Investment E LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
Hill Path Capital Partners Co-Investment E2 LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
Hill Path Capital Partners Co-Investment S LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
HEP Fund LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
HM Fund LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
HAT Fund LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
HAT Fund II LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:08/11/2026
Hill Path Capital Partners GP LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:08/11/2026
Hill Path Capital Partners E GP LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:08/11/2026
Hill Path Capital Partners S GP LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:08/11/2026
HE GP LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:08/11/2026
HM GP LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:08/11/2026
Hill Path Investment Holdings LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner
Date:08/11/2026
Hill Path Capital LP
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner of Hill Path Capital LLC, its General Partner
Date:08/11/2026
Hill Path Holdings LLC
Signature:/s/ Scott Ross
Name/Title:Scott Ross, Managing Partner
Date:08/11/2026
ROSS SCOTT I
Signature:/s/ Scott Ross
Name/Title:Scott Ross
Date:08/11/2026
CHAMBERS JAMES P.
Signature:/s/ James P. Chambers
Name/Title:James P. Chambers
Date:08/11/2026
Dalal Aayushi
Signature:/s/ Aayushi Dalal
Name/Title:Aayushi Dalal
Date:08/11/2026