Form 4: Park Hotels EVP Earns Max Performance Stock Award

Park Hotels & Resorts Inc. EVP Joseph M. Piantedosi received 21,736 shares of common stock after the company achieved 200% of its target performance criteria for a vested award.

Summary

• Joseph M. Piantedosi, Executive Vice President of Asset Management at Park Hotels & Resorts Inc. (PK), acquired 21,736 shares of common stock on January 15, 2026.
• These shares were earned and delivered from a vested performance stock unit (PSU) award, originally granted on February 16, 2023, under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan.
• The number of earned PSUs was based on the achievement of performance criteria, specifically the Issuer's 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 Compensation & Human Capital Committee of the Issuer's Board of Directors determined on January 15, 2026, that the performance criteria were met at 200% of the target number of PSUs eligible to be earned.
• Following the acquisition, Mr. Piantedosi beneficially owned 89,832 shares directly.
• On January 16, 2026, 7,153 shares were disposed of at a price of $11.49 per share to satisfy tax withholding obligations related to the delivery of the common stock.
• After the tax withholding, Mr. Piantedosi's direct beneficial ownership stands at 82,679 shares.

Sentiment

Score: 8

Explanation: The filing indicates strong positive performance as the company achieved 200% of its target performance criteria for a significant executive equity award, suggesting excellent relative Total Shareholder Return (TSR) over a multi-year period. This reflects positively on the company's operational and market performance.

Positives

• The company achieved 200% of the target performance criteria for the performance stock unit award, indicating strong Total Shareholder Return (TSR) relative to its industry peer group during the 2023-2025 performance period.
• The vesting of a significant performance-based award for a key executive suggests successful execution of strategic objectives and value creation for shareholders.

Negatives

• The disposition of 7,153 shares was solely for tax withholding purposes, which is a standard event and not indicative of a negative outlook.

Future Outlook

NA

Industry Context

This filing reflects a common practice in executive compensation where a significant portion of an executive's pay is tied to performance-based equity awards. The use of Total Shareholder Return (TSR) relative to a peer group is a standard metric designed to align executive incentives directly with shareholder value creation and competitive performance within the hospitality REIT sector.

Comparison to Industry Standards

• The compensation structure, specifically the use of performance stock units tied to Total Shareholder Return (TSR) relative to a pre-determined industry peer group, aligns with best practices in executive compensation for publicly traded companies, particularly within the REIT and hospitality sectors.
• Achieving 200% of the target performance criteria suggests that Park Hotels & Resorts Inc. significantly outperformed its industry peer group in TSR during the 2023-2025 period, indicating strong relative operational and market performance compared to comparable companies in the sector.

Stakeholder Impact

• Shareholders: The achievement of 200% of target performance criteria for executive compensation, based on relative TSR, suggests strong value creation for shareholders during the performance period.
• Employees (specifically the EVP): Joseph M. Piantedosi directly benefits from the vesting of a substantial equity award, aligning his interests with long-term company performance.

Key Dates

Keywords

Park Hotels & Resorts, PK, Insider Transaction, Form 4, Executive Compensation, Performance Stock Units, TSR, Stock Award, Asset Management