Park Hotels & Resorts (PK) awards 13,839 restricted shares to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kelly Christie B. reported acquisition or exercise transactions in this Form 4 filing.
Park Hotels & Resorts Inc. director Kelly Christie B. received a grant of 13,839 shares of Common Stock as restricted stock under the company’s 2017 Stock Plan for Non-Employee Directors. The award is for her board service from April 24, 2026 through the 2027 annual stockholders’ meeting and increased her direct holdings to 167,182 shares.
The restricted shares will vest in full on April 30, 2027, or earlier if the 2027 annual meeting of stockholders is held before that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kelly Christie B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,839 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 167,182 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 13,839 shares
Grant price per share: $0.0000 per share
Shares after transaction: 167,182 shares
+2 more
5 metrics
Restricted stock grant
13,839 shares
Award of Common Stock to director on April 24, 2026
Grant price per share
$0.0000 per share
Restricted stock granted as compensation, not purchased
Shares after transaction
167,182 shares
Total direct Common Stock holdings following the grant
Vesting date
April 30, 2027
Restricted shares vest in full on this date or earlier 2027 meeting
Service period covered
April 24, 2026 to 2027 annual meeting
Board service period tied to the restricted stock award
Key Terms
restricted stock, 2017 Stock Plan for Non-Employee Directors, vest in full, annual meeting of stockholders
4 terms
restricted stock financial
"Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2017 Stock Plan for Non-Employee Directors financial
"pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors"
vest in full financial
"Such shares will vest in full on April 30, 2027"
annual meeting of stockholders financial
"through (and including) the date of the Issuer's 2027 annual meeting of stockholders"
FAQ
What insider transaction did Park Hotels & Resorts (PK) report for Kelly Christie B.?
Park Hotels & Resorts reported that director Kelly Christie B. received a grant of 13,839 shares of restricted Common Stock. This award was issued under the company’s 2017 Stock Plan for Non-Employee Directors as compensation for her upcoming term of board service.
Was Kelly Christie B.’s Park Hotels & Resorts (PK) transaction an open-market purchase or a grant?
The transaction was a grant of restricted stock, not an open-market purchase. The Form 4 shows code “A” for grant or award, with a price per share of $0.0000, indicating compensation rather than a cash purchase in the public market.
What is the purpose of the restricted stock grant to Park Hotels & Resorts (PK) director Kelly Christie B.?
The restricted stock grant compensates Kelly Christie B. for serving on Park Hotels & Resorts’ Board of Directors. It covers her service from April 24, 2026 through the date of the company’s 2027 annual meeting of stockholders, according to the Form 4 footnote disclosure.
Under which plan was the Park Hotels & Resorts (PK) restricted stock granted to Kelly Christie B.?
The award was granted under Park Hotels & Resorts’ 2017 Stock Plan for Non-Employee Directors, as amended and restated as of April 25, 2025. This plan governs equity compensation for non-employee members of the company’s Board of Directors, including restricted stock grants.