Form 4: Park Hotels & Resorts Director Thomas Eckert Reports Gift of Shares

Director Thomas Eckert reported a gift of 10,000 shares of Park Hotels & Resorts Inc. common stock to a limited liability company for family benefit on March 15, 2024.

Summary

• On March 15, 2024, Thomas D. Eckert, a director of Park Hotels & Resorts Inc., reported a transaction involving the company's common stock.
• Eckert gifted 10,000 shares of common stock to a limited liability company for the benefit of his family.
• The gift was a bona fide transaction.
• Following the transaction, Eckert directly owns 98,810 shares held jointly with his spouse.
• Eckert also indirectly owns 12,000 shares through Sopris I LLC, 11,000 shares through Sopris II LLC and 11,000 shares through Sopris III LLC.
• Eckert and his spouse serve as general partners of these LLCs and have investment authority over the shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of a transaction. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a significant trend in the hospitality industry or Park Hotels & Resorts' performance.

Stakeholder Impact

• The gift of shares has a minimal impact on shareholders as it is a personal transaction of a director.

Key Dates