Thomas J. Baltimore Jr - Jan 19, 2024 Form 4 Insider Report for Park Hotels & Resorts Inc. (PK)

Role: CEO, Director
Signature: /s/ Nancy Vu, as Attorney-in-Fact
Stock symbol: PK
Transactions as of: Jan 19, 2024
Transactions value $: -$1,271,792
Form type: 4
Date filed: 1/23/2024, 04:55 PM
Previous filing: Jan 3, 2024
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PK	Common Stock	Award	$0	+176K	+14.84%	$0.00	1.36M	Jan 19, 2024	Direct	F1
transaction	PK	Common Stock	Tax liability	-$1.27M	-79.5K	-5.84%	$16.00	1.28M	Jan 19, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock earned and delivered related to a vested performance stock unit award previously granted in February 2021 pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time). The number of earned performance stock units was based on the achievement of performance criteria as determined by the Compensation & Human Capital Committee of the Issuer's Board of Directors on January 19, 2024 with respect to a performance period commencing on January 1, 2021 and ending on December 31, 2023 (the "Performance Period") and represents 113% of the target number of performance stock units eligible to be earned. The performance criteria measured the Issuer's achievement of certain levels of total shareholder return ("TSR") relative to a pre-determined industry peer group during the Performance Period.
F2	Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the delivery of shares of common stock earned from the performance stock unit awards previously granted pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time).

Content

Represents shares of common stock earned and delivered related to a vested performance stock unit award previously granted in February 2021 pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time). The number of earned performance stock units was based on the achievement of performance criteria as determined by the Compensation & Human Capital Committee of the Issuer's Board of Directors on January 19, 2024 with respect to a performance period commencing on January 1, 2021 and ending on December 31, 2023 (the "Performance Period") and represents 113% of the target number of performance stock units eligible to be earned. The performance criteria measured the Issuer's achievement of certain levels of total shareholder return ("TSR") relative to a pre-determined industry peer group during the Performance Period.

Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the delivery of shares of common stock earned from the performance stock unit awards previously granted pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time).