SEC Form 4 · accession 0001214659-19-001479
Park Hotels & Resorts Inc. · PK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean M. Dell'Orto
Officer — EVP, CFO and Treasurer
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 6:26 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 | Feb 21, 2019 | A | 21,790 | $0.00 | A | 149,249 | D | |
| Common Stock | Feb 22, 2019 | F | 2,880 | $31.55 | D | 146,369 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents awards of restricted shares of common stock of the Issuer under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan, approved by the compensation committee of the Issuer.
- F2Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 6,385 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 Company's common stock on the New York Stock Exchange on the trading day immediately prior to the vesting of such shares, or February 22, 2019.