Restricted stock grant to Park Hotels (NYSE: PK) board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NAUGHTON TIMOTHY J reported acquisition or exercise transactions in this Form 4 filing.
Park Hotels & Resorts director Timothy J. Naughton received 13,839 shares of common stock as a restricted stock award. The grant carries no cash purchase price and was made under the company’s 2017 Stock Plan for Non-Employee Directors in connection with his board service.
The award covers his service from April 24, 2026 through the company’s 2027 annual meeting of stockholders. These restricted shares will vest in full on April 30, 2027, or earlier if the 2027 annual meeting is held before that date. After this grant, Naughton directly holds 159,494 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NAUGHTON TIMOTHY J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,839 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 159,494 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 13,839 shares
Grant price per share: $0.00 per share
Total shares held after grant: 159,494 shares
+1 more
4 metrics
Restricted stock grant
13,839 shares
Award of common stock to director on April 24, 2026
Grant price per share
$0.00 per share
Restricted stock granted as compensation, no cash purchase price
Total shares held after grant
159,494 shares
Director Timothy J. Naughton direct ownership after award
Vesting date
April 30, 2027
Restricted shares vest in full on this date or earlier 2027 meeting
Key Terms
restricted stock, 2017 Stock Plan for Non-Employee Directors, annual meeting of stockholders
3 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 (as amended and restated as of April 25, 2025)"
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 Timothy J. Naughton?
Park Hotels & Resorts reported that director Timothy J. Naughton received 13,839 shares of restricted common stock. The award was granted at no cash cost as part of his compensation for serving on the company’s board of directors.
What plan governs Timothy J. Naughton’s restricted stock award from Park Hotels (PK)?
Timothy J. Naughton’s restricted stock award was granted under Park Hotels & Resorts’ 2017 Stock Plan for Non-Employee Directors. The plan was amended and restated as of April 25, 2025 and is used to compensate non-employee members of the board.
What service period does Timothy J. Naughton’s Park Hotels (PK) restricted stock cover?
The restricted stock award to Timothy J. Naughton compensates him for serving on Park Hotels & Resorts’ board from April 24, 2026 through the company’s 2027 annual meeting. This period aligns with the vesting schedule tied to the 2027 annual meeting.