Form 4: Park Hotels & Resorts Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Jill C. Olander, EVP of Human Resources at Park Hotels & Resorts Inc., disposed of 1,600 shares of common stock to cover tax withholding obligations.
Summary
- On February 18, 2025, Jill C. Olander, EVP of Human Resources at Park Hotels & Resorts Inc., disposed of 1,600 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 4,690 shares of restricted stock.
- The shares were surrendered to the issuer at a price of $12.88 per share, based on the closing price of the company's common stock on the NYSE on February 14, 2025.
- Following the transaction, Olander directly owns 141,526 shares of Park Hotels & Resorts Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date used to determine the price per share for tax withholding ($12.88). |
| 02/18/2025 | Date of the transaction where 1,600 shares were disposed of. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
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