SEC Form 4 · accession 0001214659-19-000174
Park Hotels & Resorts Inc. · PK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Abram Sparks
Officer — EVP and CIO
Period of report
Jan 3, 2019
Accepted (ET)
Jan 7, 2019 · 1:30 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 | Jan 3, 2019 | F | 3,428 | $25.56 | D | 43,503 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units withheld by the Issuer from the Reporting Person to satisfy tax withholding obligations due upon the vesting of 10,294 shares of restricted stock units 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 Unit Agreement, 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 on the trading day immediately prior to the date of delivery of such shares. Such date of delivery occurred on January 3, 2019.