Form 4: Park Hotels & Resorts Director Thomas A. Natelli Acquires Shares in Lieu of Cash Fees

Director Thomas A. Natelli acquired 1,339 shares of Park Hotels & Resorts Inc. common stock in lieu of cash fees for board service during the first quarter of 2024.

Summary

• On March 22, 2024, Thomas A. Natelli, a director of Park Hotels & Resorts Inc., acquired 1,339 shares of the company's common stock.
• The acquisition was made in lieu of cash fees for his service on the board of directors during the first quarter of 2024 under the company's 2017 Stock Plan for Non-Employee Directors.
• The shares were granted on March 22, 2024, and vested immediately.
• Following the transaction, Natelli directly owns 172,061 shares of Park Hotels & Resorts Inc.
• Natelli also indirectly owns shares through various trusts, a limited partnership (LP), and limited liability companies (LLCs).

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction of a director receiving shares as part of their compensation.

Positives

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

Industry Context

Directors often receive equity as part of their compensation, aligning their interests with those of shareholders. This is a common practice in the hotel and resorts industry.

Stakeholder Impact

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

Key Dates