Form 4: Park Hotels & Resorts Director Terri D. McClements Awarded Restricted Stock

Director Terri D. McClements received 15,500 shares of restricted stock from Park Hotels & Resorts Inc. on April 25, 2025, according to a Form 4 filing.

Summary

• Terri D. McClements, a director of Park Hotels & Resorts Inc., was granted 15,500 shares of restricted stock on April 25, 2025.
• The shares were awarded under the Issuer's 2017 Stock Plan for Non-Employee Directors, as amended and restated as of April 25, 2025.
• The grant is in connection with Ms. McClements' 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 restricted stock 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. McClements beneficially owns 33,800 shares of Park Hotels & Resorts Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice for directors, indicating alignment of interests with shareholders.

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 of Directors.

Future Outlook

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

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock to board members is a standard practice among publicly listed companies, including those in the hospitality sector like Marriott International and Hilton Worldwide.
• The amount of stock granted is likely determined by factors such as company size, board compensation policies, and individual director contributions.
• Vesting schedules are typically aligned with the director's term of service, similar to practices observed at comparable companies.

Stakeholder Impact

• The grant of restricted stock aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• The award does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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