Form 4: EVP & CIO Morey's Tax Withholding on Park Hotels Stock

Park Hotels & Resorts Inc. EVP & Chief Investment Officer Thomas C. Morey surrendered 5,332 shares to cover tax obligations related to restricted stock vesting.

Summary

• Thomas C. Morey, EVP & Chief Investment Officer of Park Hotels & Resorts Inc. (PK), reported a transaction on February 23, 2026.
• The transaction involved surrendering 5,332 shares of common stock to satisfy tax withholding obligations.
• These obligations arose from the vesting of 10,848 shares of restricted stock previously granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan.
• The shares were surrendered at a price of $11.25 per share, which was the NYSE closing price on February 20, 2026.
• Following this transaction, Mr. Morey beneficially owns 428,639 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative action related to executive compensation rather than a strategic or operational development for the company.

Positives

• The vesting of 10,848 restricted stock shares indicates a successful retention and incentive program for a key executive.
• The executive's continued significant beneficial ownership of 428,639 shares aligns management interests with shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

StockSavvy.ai notes that routine insider transactions like tax-related share surrenders upon vesting are common across all industries for executives receiving equity compensation. This filing provides no specific industry-related insights beyond the standard practice of executive stock plans.

Comparison to Industry Standards

• The practice of surrendering shares to cover tax obligations upon restricted stock vesting is a standard mechanism for managing equity compensation in publicly traded companies.
• This is consistent with practices observed in other REITs and hospitality companies, such as Hilton Worldwide Holdings (HLT) or Marriott International (MAR), where executives often utilize similar methods to manage tax liabilities from equity awards.

Related Party Transactions

• The transaction involves an executive and the issuer, which is a related party transaction in the context of executive compensation, but it is a standard, disclosed event under the company's incentive plan.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a routine compensation event. It confirms an executive's continued equity stake.
• Employees: No direct impact on general employees.
• Customers, Suppliers, Creditors: No direct impact.

Key Dates

Keywords

Park Hotels & Resorts Inc., PK, Form 4, insider transaction, restricted stock, stock vesting, tax withholding, executive compensation, Thomas C. Morey, Chief Investment Officer