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

Director Christie B. Kelly acquired 2,410 shares of Park Hotels & Resorts Inc. common stock in lieu of cash fees for board service during the first quarter of 2025.

Summary

• On March 24, 2025, Christie B. Kelly, a director of Park Hotels & Resorts Inc., acquired 2,410 shares of the company's common stock.
• The acquisition was made in lieu of cash fees payable for her service on the board of directors during the first quarter of 2025.
• The shares were granted under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended.
• The shares vested immediately upon grant.
• Following the transaction, Kelly directly owns 123,762 shares of Park Hotels & Resorts Inc. common stock.

Sentiment

Score: 6

Explanation: The document reflects a neutral sentiment as it reports a routine transaction. The director taking stock in lieu of cash is a mildly positive signal.

Positives

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

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, particularly in REITs like Park Hotels & Resorts, as it aligns their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates

Keywords

Park Hotels & Resorts Inc., Director, Stock Acquisition, Common Stock, Board Fees, Form 4