Stephen I. Sadove - Sep 23, 2022 Form 4 Insider Report for Park Hotels & Resorts Inc. (PK)

Role
Director
Signature
/s/ Nancy Vu, as Attorney-in-Fact
Stock symbol
PK
Transactions as of
Sep 23, 2022
Transactions value $
$0
Form type
4
Date filed
9/27/2022, 06:00 PM
Previous filing
Sep 1, 2022
Next filing
Dec 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PK Common Stock Award $0 +2.75K +13.12% $0.00 23.7K Sep 23, 2022 Direct F1
holding PK Common Stock 20K Sep 23, 2022 By Family Trust F2
holding PK Common Stock 23.8K Sep 23, 2022 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended, in lieu of cash fees payable to the reporting person for service on the Company's board of directors during the 3rd quarter of 2022 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, September 23, 2022, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.
F2 Shares are held by the Sadove Family Delaware Dynasty Trust, of which the reporting person has a pecuniary interest.
F3 Shares are held by the Stephen I. Sadove Revocable Trust, of which the reporting person serves as the trustee.