Michael Rady - Nov 11, 2024 Form 4 Insider Report for United Parks & Resorts Inc. (PRKS)

Role
Chief Human Resources Officer
Signature
/s/ Dan Bollinger, Power of Attorney
Stock symbol
PRKS
Transactions as of
Nov 11, 2024
Transactions value $
$499,948
Form type
4
Date filed
11/13/2024, 09:56 PM
Previous filing
Oct 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRKS Common Stock Award $0 +8.81K $0.00 8.81K Nov 11, 2024 Direct F1
transaction PRKS Common Stock Award $0 +2.64K +29.99% $0.00 11.4K Nov 11, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRKS Employee Stock Option (right to buy) Award $350K +6.16K $56.78 6.16K Nov 11, 2024 Common Stock 6.16K $56.78 Direct F3
transaction PRKS Employee Stock Option (right to buy) Award $150K +2.64K $56.78 2.64K Nov 11, 2024 Common Stock 2.64K $56.78 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units issued pursuant to the Issuer's 2017 Omnibus Incentive Plan, which vest over four years, with 25% vesting on each of the first four anniversaries of the date of grant. In addition, the officer is required to maintain ownership of at least fifty percent of the net shares received upon vesting until: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.
F2 Represents restricted stock units issued pursuant to the Issuer's 2017 Omnibus Incentive Plan, which vest 100% on March 31, 2025. In addition, the officer is required to maintain ownership of at least fifty percent of the net shares received upon vesting until: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.
F3 The option becomes exercisable over four years, with 25% becoming exercisable on each of the first four anniversaries of the date of grant.
F4 The option vests over four years, with 25% vesting on each of the first four anniversaries of the date of grant. Any vested options become exercisable: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.

Remarks:

Chief Human Resources Officer