Stephen I. Sadove - 22 Dec 2022 Form 4 Insider Report for Park Hotels & Resorts Inc. (PK)

Role
Director
Signature
/s/ Nancy Vu, as Attorney-in-Fact
Issuer symbol
PK
Transactions as of
22 Dec 2022
Net transactions value
$0
Form type
4
Filing time
23 Dec 2022, 15:39:42 UTC
Previous filing
07 Dec 2022
Next filing
07 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PK Common Stock Award $0 +2,920 +12% $0.000000 26,655 22 Dec 2022 Direct F1
holding PK Common Stock 20,000 22 Dec 2022 By Family Trust F2
holding PK Common Stock 23,816 22 Dec 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 4th 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, December 22, 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.