Form 4: Park Hotels & Resorts Exec Vests Performance Shares

Park Hotels & Resorts EVP & Chief Investment Officer Thomas C. Morey acquired 108,952 shares of common stock from a vested performance award and subsequently disposed of 41,275 shares for tax obligations.

Summary

• Thomas C. Morey, EVP & Chief Investment Officer of Park Hotels & Resorts Inc., acquired 108,952 shares of common stock on January 15, 2026.
• These shares were earned from a vested performance stock unit award originally granted on February 16, 2023, under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan.
• The number of earned performance stock units was determined by the Compensation & Human Capital Committee based on the achievement of performance criteria (Total Shareholder Return relative to a pre-determined industry peer group) during the performance period from January 1, 2023, to December 31, 2025.
• The company's performance resulted in 200% of the target number of performance stock units being earned.
• On January 16, 2026, Morey disposed of 41,275 shares at a price of $11.49 per share to satisfy tax withholding obligations related to the vested award.
• Following these transactions, Thomas C. Morey beneficially owns 384,969 shares of Park Hotels & Resorts Inc. common stock.

Sentiment

Score: 8

Explanation: The vesting of performance stock units at 200% of target indicates strong company performance relative to its peers, which is a positive signal for the company and its management.

Positives

• The performance stock unit award achieved 200% of its target, indicating strong company performance relative to its peer group based on Total Shareholder Return.
• Executive compensation is effectively aligned with shareholder interests through performance-based equity awards, rewarding superior company performance.

Future Outlook

NA

Industry Context

The achievement of 200% of target performance for the stock units, based on Total Shareholder Return relative to a pre-determined industry peer group, suggests strong competitive performance by Park Hotels & Resorts Inc. within the hospitality and resorts sector during the 2023-2025 period.

Comparison to Industry Standards

• The achievement of 200% of the target performance stock units indicates that Park Hotels & Resorts Inc. significantly outperformed its pre-determined industry peer group in Total Shareholder Return during the performance period (January 1, 2023, to December 31, 2025).
• This level of outperformance suggests strong relative performance compared to competitors in the hotel and resorts industry, aligning executive incentives with superior shareholder returns.

Stakeholder Impact

• Shareholders: The achievement of 200% of target performance for executive compensation tied to TSR suggests strong returns for shareholders during the performance period.
• Employees (executives): Thomas C. Morey received a significant equity award based on company performance, aligning executive interests with company success.

Key Dates

Recommendation

The Form 4 indicates strong past performance by Park Hotels & Resorts Inc., as evidenced by the 200% achievement of performance stock unit targets based on Total Shareholder Return relative to peers. While this is a positive signal regarding management's effectiveness and the company's competitive standing, a Form 4 primarily reports an insider transaction and does not provide new fundamental information to warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position for investors who believe in the company's continued ability to deliver strong relative performance.

Keywords

Park Hotels & Resorts, PK, Form 4, Insider Transaction, Performance Stock Units, Executive Compensation, Thomas C. Morey, TSR, Equity Award