Form 4: Park Hotels & Resorts EVP Carl Mayfield Receives Annual Restricted Stock Award

Carl A. Mayfield, EVP of Design and Construction at Park Hotels & Resorts Inc., reports the acquisition of 32,371 shares of common stock as an annual restricted stock award.

Summary

• Carl A. Mayfield, EVP of Design and Construction at Park Hotels & Resorts Inc., filed a Form 4.
• The filing reports the acquisition of 32,371 shares of common stock on February 13, 2025, as an annual restricted stock award.
• These shares were granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan.
• The shares will vest ratably over three years from the grant date, contingent upon Mayfield's continued service.
• Following the transaction, Mayfield beneficially owns 226,241 shares of Park Hotels & Resorts Inc.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally to positively as it incentivizes management. There are no indications of negative performance or concerns.

Positives

• The grant of restricted stock aligns Mayfield's interests with the long-term performance of Park Hotels & Resorts.
• The vesting schedule incentivizes continued service and commitment from Mayfield.

Future Outlook

The restricted shares will vest ratably on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service on such dates.

Industry Context

Equity compensation is a common practice in the hospitality industry to incentivize and retain key executives. Restricted stock awards are often used to align management's interests with shareholder value creation over the long term.

Stakeholder Impact

• The stock award aligns executive compensation with shareholder interests, potentially driving long-term value.

Key Dates