Form 4: Park Hotels & Resorts Inc. Executive Jill C. Olander Reports Stock Transaction
SEC Form 4 Filing
EVP Jill C. Olander of Park Hotels & Resorts Inc. reports the surrender of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 26, 2024, Jill C. Olander, EVP of Human Resources at Park Hotels & Resorts Inc., reported a transaction involving the surrender of 848 shares of common stock to cover tax withholding obligations.
- The shares were surrendered to satisfy tax obligations related to the vesting of 2,484 shares of restricted stock previously granted under the company's 2017 Omnibus Incentive Plan.
- The price per share used to determine the tax withholdings was $15.9, based on the closing price of the company's common stock on the NYSE on February 23, 2024.
- Following the transaction, Olander beneficially owns 115,484 shares of Park Hotels & Resorts Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with neutral sentiment.
Industry Context
This filing is a routine disclosure of an insider transaction, common for executives receiving stock-based compensation. It provides transparency into executive stock ownership but doesn't necessarily indicate a broader trend or signal for the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | NYSE closing price of $15.9 per share used to determine tax withholdings. |
| 02/26/2024 | Date of the stock transaction where 848 shares were surrendered. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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