Form 4: Park Hotels Exec Earns Max PSU Award on Strong Performance

Park Hotels & Resorts EVP, Human Resources, Jill C. Olander, received 42,206 shares of common stock from a vested performance stock unit award, reflecting 200% achievement of performance criteria based on relative Total Shareholder Return.

Summary

• Jill C. Olander, EVP, Human Resources at Park Hotels & Resorts Inc., acquired 42,206 shares of common stock on January 15, 2026.
• These shares were earned and delivered from a vested performance stock unit (PSU) award previously granted on February 16, 2023.
• The number of earned PSUs represented 200% of the target, indicating exceptional achievement of performance criteria.
• Performance was measured by the Issuer's Total Shareholder Return (TSR) relative to a pre-determined industry peer group during the period from January 1, 2023, to December 31, 2025.
• Following the acquisition, Olander's direct beneficial ownership increased to 181,415 shares.
• On January 16, 2026, 14,671 shares were disposed of at a price of $11.49 per share to satisfy tax withholding obligations related to the PSU award delivery.
• After the tax-related disposition, Olander's direct beneficial ownership stands at 166,744 shares.

Sentiment

Score: 9

Explanation: The filing indicates exceptional company performance, with a key executive's performance stock unit award vesting at 200% of target based on superior Total Shareholder Return relative to peers. This is a strong positive signal regarding the company's past operational and strategic success.

Positives

• The company achieved 200% of its target performance criteria for the performance stock unit award, demonstrating strong Total Shareholder Return (TSR) relative to its industry peer group over the 2023-2025 performance period.
• This indicates robust operational and strategic execution leading to significant shareholder value creation.
• The vesting of a substantial number of shares (42,206) for a key executive aligns management incentives with shareholder interests.

Negatives

• The disposition of 14,671 shares to cover tax withholding obligations, while a standard procedure for equity awards, reduces the executive's immediate beneficial ownership.

Future Outlook

NA

Industry Context

The achievement of 200% of target Total Shareholder Return (TSR) relative to a pre-determined industry peer group suggests that Park Hotels & Resorts Inc. has significantly outperformed its competitors in the hotel and resorts sector during the 2023-2025 performance period. This indicates strong market positioning and effective strategic execution within the hospitality industry.

Comparison to Industry Standards

• The company's Total Shareholder Return (TSR) performance exceeded 200% of its target relative to a pre-determined industry peer group, indicating superior performance compared to its direct competitors in the hotel and resorts sector.
• This level of outperformance suggests strong operational efficiency, effective capital allocation, or favorable market conditions leveraged by the company, distinguishing it from average industry performance.

Stakeholder Impact

• Shareholders: Positive impact due to the company's strong performance, as evidenced by the 200% achievement of TSR targets, which directly benefits shareholder value.
• Employees (specifically management): Positive impact as executive compensation is directly tied to and rewarded for superior company performance, aligning incentives.

Key Dates

Recommendation

The vesting of performance stock units at 200% of target, based on Total Shareholder Return outperformance against peers, signals exceptional past company performance over a multi-year period (2023-2025). This strong indicator of management effectiveness and shareholder value creation suggests a positive outlook for the company's fundamentals, making it an attractive investment opportunity.

Keywords

Park Hotels & Resorts, PK, Form 4, Insider Trading, Performance Stock Units, PSU, Total Shareholder Return, TSR, Executive Compensation, Stock Award, Beneficial Ownership