Thomas J. Baltimore Jr - Feb 26, 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 26, 2024
Transactions value $
-$253,987
Form type
4
Date filed
2/27/2024, 04:50 PM
Previous filing
Feb 26, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PK Common Stock Tax liability -$254K -16K -1.16% $15.90 1.36M Feb 26, 2024 Direct F1
* 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 33,072 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan, as amended from time to time. 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 26, 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 23, 2024.