Form 4: Park Hotels & Resorts Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nancy M. Vu, EVP, General Counsel & Secretary of Park Hotels & Resorts Inc., disposed of 1,413 shares of common stock to satisfy tax withholding obligations upon the vesting of restricted stock.
Summary
- On February 26, 2024, Nancy M. Vu, an executive at Park Hotels & Resorts Inc., disposed of 1,413 shares of the company's common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of 3,132 shares of restricted stock.
- The price per share used to determine the tax withholdings was $15.9, based on the closing price of Park Hotels & Resorts Inc.'s common stock on the NYSE on February 23, 2024.
- Following the transaction, Vu directly owns 88,122 shares of Park Hotels & Resorts Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. This transaction appears to be a routine event related to the vesting of restricted stock.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Date used to determine the price per share for tax withholding obligations ($15.9). |
| 02/26/2024 | Date of the transaction where 1,413 shares were disposed of to cover tax obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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