Form 4: Park Hotels & Resorts EVP Jill Olander Reports Stock Award and Tax Withholding

Jill Olander, EVP of Human Resources at Park Hotels & Resorts, reports the acquisition of 11,065 shares of common stock from a performance stock unit award and the disposal of 4,096 shares for tax withholding.

Summary

• On January 24, 2025, Jill Olander, EVP of Human Resources at Park Hotels & Resorts, acquired 11,065 shares of common stock due to the vesting of a performance stock unit award.
• These shares were granted on February 24, 2022, under the company's 2017 Omnibus Incentive Plan.
• The number of shares earned was based on the company's total shareholder return (TSR) relative to a peer group over a performance period from January 1, 2022, to December 31, 2024, achieving 99% of the target.
• Simultaneously, 4,096 shares were disposed of at a price of $13.78 to cover tax withholding obligations related to the award.
• Following these transactions, Olander directly owns 122,453 shares of Park Hotels & Resorts Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions related to executive compensation. The vesting of performance stock units suggests the company met certain performance targets, which is mildly positive, but the tax withholding is a standard procedure.

Positives

• The vesting of performance stock units indicates that the company met certain performance criteria related to total shareholder return (TSR) relative to a peer group.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the alignment of executive incentives with shareholder value through performance-based equity awards.

Comparison to Industry Standards

• Performance-based equity compensation is a common practice among publicly traded companies, particularly in the hospitality and real estate sectors.
• Companies like Host Hotels & Resorts and Pebblebrook Hotel Trust also utilize similar incentive plans to align executive compensation with company performance and shareholder returns.
• The specific metrics used, such as TSR relative to a peer group, are also standard in the industry to ensure executives are incentivized to outperform competitors.

Stakeholder Impact

• The vesting of performance stock units aligns executive compensation with shareholder interests, potentially benefiting shareholders.
• The transactions themselves have a minimal direct impact on other stakeholders.

Key Dates