Thomas J. Baltimore Jr - Feb 16, 2024 Form 4 Insider Report for Park Hotels & Resorts Inc. (PK)

Signature
/s/ Nancy Vu, as Attorney-in-Fact
Stock symbol
PK
Transactions as of
Feb 16, 2024
Transactions value $
-$608,326
Form type
4
Date filed
2/21/2024, 04:05 PM
Previous filing
Jan 23, 2024
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PK Common Stock Tax liability -$357K -23.4K -1.82% $15.26 1.26M Feb 16, 2024 Direct F1
transaction PK Common Stock Tax liability -$252K -16.7K -1.33% $15.06 1.24M Feb 18, 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 surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 48,400 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (the "Plan"). Pursuant to the terms of the applicable Restricted Stock Agreements, the price per share used to determine the tax withholdings was the closing price per share of the Company's common stock on the New York Stock Exchange (the "NYSE") on the trading day immediately prior to the date of delivery of such shares. The shares of restricted stock were delivered to the Reporting Person on February 16, 2024 and, as such, the price per share used to determine the tax withholding related to such delivered shares was the NYSE closing price per share of the Company's common stock on February 15, 2024.
F2 Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 34,585 shares of restricted stock previously granted to the Reporting Person pursuant to the Plan. Pursuant to the terms of the applicable Restricted Stock Agreements, the price per share used to determine the tax withholdings was the closing price per share of the Company's common stock on the NYSE on the trading day immediately prior to the date of delivery of such shares. The shares of restricted stock were delivered to the Reporting Person on February 20, 2024 and, as such, the price per share used to determine the tax withholding related to such delivered shares was the NYSE closing price per share of the Company's common stock on February 16, 2024.