Form 4: Park Hotels & Resorts Director Acquires Shares in Lieu of Cash Fees

Director Terri D. McClements acquired 1,874 shares of Park Hotels & Resorts Inc. common stock in lieu of cash fees for board service during the first quarter of 2025.

Summary

• Terri D. McClements, a director of Park Hotels & Resorts Inc., acquired 1,874 shares of the company's common stock on March 24, 2025.
• The acquisition was made in lieu of cash fees for her service on the board of directors during the first quarter of 2025.
• The shares were awarded under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended.
• The shares vested immediately upon grant and had a market value based on the closing sales price of the issuer's common stock on the grant date.
• Following the transaction, McClements directly owns 18,300 shares of Park Hotels & Resorts Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of a director receiving stock in lieu of cash compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• A director's decision to take shares in lieu of cash may signal confidence in the company's future performance.
• The acquisition increases the director's alignment with shareholder interests.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice in the hotel and resorts industry, aligning their interests with shareholders.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholders as it increases the director's alignment with their interests.

Key Dates

Keywords

Park Hotels & Resorts, Director, Stock Acquisition, Common Stock, Form 4, Beneficial Ownership, McClements, Board Fees