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

Timothy J Naughton, a director at Park Hotels & Resorts Inc., acquired 1,635 shares of common stock on June 21, 2024, in lieu of cash fees for board service.

Summary

• On June 21, 2024, Timothy J Naughton, a director at Park Hotels & Resorts Inc., acquired 1,635 shares of the company's common stock.
• The acquisition was made under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended.
• These shares were received in lieu of cash fees for Naughton's service on the board of directors during the second quarter of 2024.
• The shares vested immediately upon grant.
• Following the transaction, Naughton beneficially owns 115,237 shares of Park Hotels & Resorts Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash can be seen as a good sign, indicating confidence in the company's stock.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and can be seen as a sign of confidence in the company's prospects.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates