Form 4: Park Hotels & Resorts Director Patricia Bedient Receives 15,500 Shares of Restricted Stock

Patricia Bedient, a director at Park Hotels & Resorts Inc., was granted 15,500 shares of restricted stock on April 25, 2025, as part of the company's 2017 Stock Plan for Non-Employee Directors.

Summary

• On April 25, 2025, Patricia M Bedient, a director of Park Hotels & Resorts Inc., received 15,500 shares of common stock.
• These shares were awarded as restricted stock under the Issuer's 2017 Stock Plan for Non-Employee Directors.
• The grant is in connection with Ms. Bedient's service on the Board of Directors for the period from April 25, 2025, through the date of the Issuer's 2026 annual meeting of stockholders.
• The shares will vest in full on April 24, 2026, or earlier if the Issuer's 2026 annual meeting of stockholders is held before that date.
• Following the transaction, Ms. Bedient beneficially owns 131,472 shares of Park Hotels & Resorts Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock.

Industry Context

This type of stock grant is a common practice for compensating and incentivizing board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard component of compensation packages in the hospitality and real estate industries.
• Comparable companies such as Host Hotels & Resorts and Marriott International also utilize stock-based compensation to incentivize their board members.
• The size of the grant is within the typical range for director compensation at companies of similar size and market capitalization.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders, potentially leading to better decision-making.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Park Hotels & Resorts, Director, Patricia Bedient, Restricted Stock, Stock Plan, Beneficial Ownership, Form 4