SEC Form 4 · accession 0001214659-17-005752
Park Hotels & Resorts Inc. · PK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Tanenbaum
Officer — EVP, Asset Management
Period of report
Sep 26, 2017
Accepted (ET)
Sep 27, 2017 · 4:43 pm EDT
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 StockF2 | Sep 26, 2017 | F | 7,773 | $27.82 | D | 91,389 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 23,482 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan. Pursuant to the terms of the Restricted Stock Agreement, the price per share used to determine the tax withholdings was the closing price per share of the Issuer's common stock on the New York Stock Exchange on the trading day immediately prior to the vesting of such shares, or September 25, 2017.
- F2The total number of shares held directly by the Reporting Person has been increased by 111 shares to reflect shares that the Reporting Person previously received with respect to shares of Hilton Worldwide Holdings Inc. ("HLT") common stock held prior to the spin-off of the Issuer from HLT and which were inadvertently excluded from previous reports.