Form 4: Park Hotels & Resorts EVP, CFO & Treasurer Sean M. Dell'Orto Reports Stock Transactions
SEC Form 4
Sean M. Dell'Orto, EVP, CFO & Treasurer of Park Hotels & Resorts Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 24, 2025, Sean M. Dell'Orto, EVP, CFO & Treasurer of Park Hotels & Resorts Inc., disposed of 4,911 shares of common stock at a price of $12.63 to cover tax obligations.
- Dell'Orto also disposed of 6,116 shares of common stock at the same price for the same reason.
- These transactions were related to the vesting of restricted stock granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan.
- Following these transactions, Dell'Orto beneficially owns 444,437 shares of Park Hotels & Resorts Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine stock transactions for tax purposes.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date used to determine the tax withholding related to delivered shares, based on the NYSE closing price per share of the Company's common stock. |
| 02/24/2025 | Date of stock transactions (disposal of shares for tax withholding). |
| 02/26/2025 | Date of signature on the Form 4 filing. |
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