SEC Form 4 · accession 0001214659-19-000511
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
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 4:30 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 StockF1 | Jan 22, 2019 | A | 38,138 | $0.00 | A | 134,508 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of performance stock units earned from awards granted on February 23, 2017 based on the achievement of performance criteria with respect to a performance period commencing on January 4, 2017 and ending on January 3, 2019 (the "Performance Period"), as determined by the Compensation Committee of the Issuer's Board of Directors on January 22, 2019. The earned award is fully vested. The number of earned performance stock units represents 200% of the target number of performance stock units eligible to be earned. The performance criteria measured the Issuer's achievement of certain levels of total shareholder return (TSR) relative to a pre-determined industry peer group during the Performance Period.