SEC Form 4 · accession 0001214659-17-001736
Park Hotels & Resorts Inc. · PK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean M. Dell'Orto
Officer — See Remarks
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 6:29 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001617406
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 3, 2017 | A | 37,023 | $0.00 | A | 101,140 | D | |
| Common Stock | Mar 3, 2017 | J | 3,664 | $0.00 | A | 104,804 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted shares of common stock under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan, which shares will vest ratably on each of the first three anniversaries of the grant date of March 3, 2017, subject to Mr. Dell'Orto's continued service on such dates.
- F2On January 9, 2017, the Issuer declared an earnings and profits dividend (the "E&P Dividend"), payable in cash and stock to all shareholders of record as of January 19, 2017, of $2.79 per share. As a result of the E&P Dividend, Mr. Dell'Orto received (i) 3,474 additional restricted stock units of the Issuer and (ii) 190 additional shares of common stock of the Issuer.
Remarks
Title: Executive Vice President, Chief Financial Officer and Treasurer