Form 4: Park Hotels & Resorts CFO Sean Dell'Orto Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Sean Dell'Orto, EVP, CFO & Treasurer of Park Hotels & Resorts Inc., disposed of shares to satisfy tax withholding obligations upon the vesting of restricted stock.
Summary
- On February 18, 2025, Sean M. Dell'Orto, EVP, CFO & Treasurer of Park Hotels & Resorts Inc., disposed of 6,825 shares of common stock.
- The shares were surrendered to cover tax withholding obligations related to the vesting of 15,132 shares of restricted stock previously granted under the company's 2017 Omnibus Incentive Plan.
- The transaction was executed at a price of $12.88 per share.
- Following the transaction, Dell'Orto directly owns 455,464 shares of Park Hotels & Resorts Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a standard transaction for tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date used to determine the tax withholding related to such delivered shares was the NYSE closing price per share of the Company's common stock. |
| 02/18/2025 | Date of transaction: Dell'Orto disposed of shares to cover tax obligations. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
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