Form 4: Park Hotels & Resorts CEO Thomas J. Baltimore Jr. Reports Stock Transaction
SEC Form 4 Filing
CEO Thomas J. Baltimore Jr. of Park Hotels & Resorts Inc. reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 26, 2024, Thomas J. Baltimore Jr., CEO of Park Hotels & Resorts Inc., reported a transaction involving the disposition of 15,974 shares of common stock.
- The shares were surrendered to the issuer to satisfy tax withholding obligations related to the vesting of 33,072 shares of restricted stock.
- The price per share for tax withholding purposes was $15.9, based on the NYSE closing price on February 23, 2024.
- Following the transaction, Baltimore directly owns 1,359,885 shares of Park Hotels & Resorts Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to executive compensation.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date of NYSE closing price used to determine tax withholding ($15.9 per share). |
| 02/26/2024 | Date of the stock transaction (disposition of shares). |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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