Form 4: Park Hotels & Resorts SVP and CAO, Darren W Robb, Reports Tax Withholding Transaction
SEC Form 4 Filing
Darren W Robb, SVP and CAO of Park Hotels & Resorts Inc., reports the surrender of 854 common stock shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 18, 2025, Darren W Robb, SVP and CAO of Park Hotels & Resorts Inc., surrendered 854 shares of common stock to the issuer.
- This transaction was to satisfy tax withholding obligations related to the vesting of 2,836 shares of restricted stock previously granted under the company's 2017 Omnibus Incentive Plan.
- The price per share used for tax withholding was $12.88, which was the closing price on the NYSE on February 14, 2025.
- Following the transaction, Robb directly owns 99,162 shares of Park Hotels & Resorts Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing related to insider transactions for tax obligations, common for executives receiving stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | NYSE closing price of $12.88 per share used to determine tax withholding. |
| 02/18/2025 | Date of transaction: surrender of 854 shares for tax withholding. |
| 02/20/2025 | Date of signature on the Form 4 filing. |
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