Form 4: Park Hotels CFO Awarded Shares for Strong Performance

Sean M. Dell'Orto, EVP, CFO & Treasurer of Park Hotels & Resorts Inc., received 136,190 shares from a vested performance stock unit award, achieving 200% of target, and subsequently sold 49,187 shares for tax obligations.

Summary

• Sean M. Dell'Orto, EVP, CFO & Treasurer of Park Hotels & Resorts Inc., was granted 136,190 shares of common stock on January 15, 2026.
• These shares represent a vested performance stock unit award, originally granted on February 16, 2023, under the company's 2017 Omnibus Incentive Plan.
• The award was based on the achievement of performance criteria, specifically Total Shareholder Return (TSR) relative to a pre-determined industry peer group, during the performance period from January 1, 2023, to December 31, 2025.
• The performance criteria were met at 200% of the target number of performance stock units eligible to be earned.
• Following the award, Mr. Dell'Orto's beneficial ownership of common stock was 580,627 shares.
• On January 16, 2026, 49,187 shares were disposed of at a price of $11.49 per share to satisfy tax withholding obligations related to the stock unit award.
• After the tax-related disposition, Mr. Dell'Orto's beneficial ownership stands at 531,440 shares of common stock.

Sentiment

Score: 8

Explanation: The filing indicates strong company performance, as evidenced by the CFO achieving 200% of his performance stock unit target based on Total Shareholder Return relative to industry peers. This suggests successful execution and value creation.

Positives

• The reporting person, Sean M. Dell'Orto, achieved 200% of the target performance stock units, indicating strong individual and company performance against set criteria.
• The performance criteria were based on Total Shareholder Return (TSR) relative to an industry peer group, suggesting the company outperformed its peers during the performance period.
• The vesting of a significant performance-based award to a key executive like the CFO signals successful execution of strategic objectives and value creation for shareholders.

Negatives

• No inherent negatives are reported in this filing. The disposition of shares was solely for tax withholding purposes, which is a standard practice for equity awards.

Future Outlook

This filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction, as it is a report on an insider transaction.

Industry Context

The performance stock unit award was based on the achievement of Total Shareholder Return (TSR) relative to a pre-determined industry peer group. The 200% achievement of target suggests that Park Hotels & Resorts Inc. performed strongly compared to its competitors within the hotel and resorts industry during the performance period.

Comparison to Industry Standards

• The performance stock unit award achieved 200% of its target, indicating superior performance against a pre-determined industry peer group based on Total Shareholder Return (TSR). This suggests the company significantly outpaced its comparable industry peers in shareholder value creation during the performance period from January 1, 2023, to December 31, 2025.

Stakeholder Impact

• Shareholders: Positive impact due to the indication of strong company performance (200% achievement of TSR target relative to peers) which led to the executive's award. This suggests value creation.
• Management/Employees: Positive for the executive, Sean M. Dell'Orto, who received a significant equity award for achieving performance targets. This reinforces performance-based compensation structures.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing beyond the reported transactions.

Key Dates

Keywords

Park Hotels & Resorts, PK, Sean M. Dell'Orto, Form 4, Insider Transaction, Performance Stock Unit, Equity Award, CFO, Total Shareholder Return, TSR, Executive Compensation