Director Thomas Natelli receives 13,839-share grant at Park Hotels (NYSE: PK)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NATELLI THOMAS A reported acquisition or exercise transactions in this Form 4 filing.
Park Hotels & Resorts Inc. director Thomas A. Natelli reported a new restricted stock award and updated his indirect holdings. He received a grant of 13,839 shares of common stock at $0.0000 per share under the company’s 2017 Stock Plan for Non-Employee Directors, as amended.
The award compensates his board service from April 24, 2026 through the company’s 2027 annual meeting and will vest in full on April 30, 2027 or earlier if that meeting is held sooner. After the grant, he directly holds 226,579 common shares. The filing also lists indirect holdings through entities associated with him, including 18,840 shares held by a limited partnership, 6,280 shares held by a limited liability company, and 1,570 shares held in each of four separate 2011 receiving trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
NATELLI THOMAS A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,839 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 226,579 shares (Direct, null);
Common Stock — 1,570 shares (Indirect, By The TAN 2011 Receiving Trust)
Footnotes (1)
- Represents an award of restricted stock pursuant to the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated as of April 25, 2025) in connection with Mr. Natelli's service on the Issuer's Board of Directors for the period from April 24, 2026 through (and including) the date of the Issuer's 2027 annual meeting of stockholders. Such shares will vest in full on April 30, 2027 (or, if earlier, the date on which the Issuer's 2027 annual meeting of stockholders is held). Shares are owned by a limited partnership, of which the reporting person is a 50% owner and the president of the limited partnership's general partner. Shares are owned by a limited liability company, of which the reporting person is a 50% owner and managing member.
Key Figures
Restricted stock grant: 13,839 shares
Grant price per share: $0.0000 per share
Direct holdings after grant: 226,579 shares
+4 more
7 metrics
Restricted stock grant
13,839 shares
Award of common stock under 2017 Stock Plan for Non-Employee Directors
Grant price per share
$0.0000 per share
Stated price for restricted stock award
Direct holdings after grant
226,579 shares
Common stock directly held following the reported transaction
Limited partnership holdings
18,840 shares
Common stock owned by a limited partnership associated with Natelli
LLC holdings
6,280 shares
Common stock owned by a limited liability company associated with Natelli
Each receiving trust holding
1,570 shares
Common stock held in each of four 2011 receiving trusts
Vesting date
April 30, 2027
Restricted shares vest in full on this date or earlier 2027 meeting date
Key Terms
restricted stock, 2017 Stock Plan for Non-Employee Directors, limited partnership, limited liability company, +2 more
6 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)"
limited partnership financial
"Shares are owned by a limited partnership, of which the reporting person is a 50% owner"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
limited liability company financial
"Shares are owned by a limited liability company, of which the reporting person is a 50% owner"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
receiving trust financial
"By The NTN 2011 Receiving Trust"
non-derivative financial
"transaction_type: "non-derivative" for the restricted stock award"
FAQ
What did Thomas A. Natelli report on his Park Hotels (PK) Form 4?
He reported receiving 13,839 restricted shares of Park Hotels common stock as a compensation grant for board service, plus updated his direct and indirect holdings, including shares held through a partnership, an LLC, and several family receiving trusts.
What are Thomas A. Natelli’s direct Park Hotels (PK) holdings after this Form 4?
Following the restricted stock grant, he directly holds 226,579 shares of Park Hotels common stock. This figure reflects only the shares registered in his own name and excludes additional indirect holdings through related entities and family trusts.
What indirect Park Hotels (PK) holdings are reported for Thomas A. Natelli?
The filing lists 18,840 shares held by a limited partnership and 6,280 shares held by a limited liability company associated with him, plus 1,570 shares in each of four separate 2011 receiving trusts, all reported as indirect ownership positions.
Under which plan was Thomas A. Natelli’s Park Hotels (PK) award granted?
The 13,839-share award was granted under Park Hotels’ 2017 Stock Plan for Non-Employee Directors, as amended and restated as of April 25, 2025, specifically in connection with his continuing service on the company’s board of directors.