Form 4: Park Hotels SVP Earns 200% Performance Stock Award

Darren W. Robb, SVP and CAO of Park Hotels & Resorts Inc., received 25,524 shares of common stock after achieving 200% of his performance stock unit target.

Summary

• Darren W. Robb, Senior Vice President and Chief Accounting Officer of Park Hotels & Resorts Inc. (PK), acquired 25,524 shares of common stock on January 15, 2026.
• These shares were earned and delivered from a vested performance stock unit (PSU) award, originally granted on February 16, 2023, under the company's 2017 Omnibus Incentive Plan.
• The number of earned PSUs represents 200% of the target, indicating strong achievement of performance criteria.
• Performance criteria were based on the company's Total Shareholder Return (TSR) relative to a pre-determined industry peer group over a performance period from January 1, 2023, to December 31, 2025.
• On January 16, 2026, 8,346 shares were disposed of at a price of $11.49 per share to satisfy tax withholding obligations related to the PSU award.
• Following these transactions, Darren W. Robb beneficially owns 114,968 shares of common stock.

Sentiment

Score: 8

Explanation: The filing indicates strong past performance by the company, as evidenced by the executive achieving 200% of a performance-based stock award tied to Total Shareholder Return relative to peers. This is a positive signal regarding operational and market performance.

Positives

• The reporting person achieved 200% of the target number of performance stock units, indicating strong company performance against set criteria.
• The performance criteria were based on Total Shareholder Return (TSR) relative to an industry peer group, suggesting outperformance within the sector.

Future Outlook

No explicit forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

The achievement of 200% of target performance stock units, based on Total Shareholder Return (TSR) relative to a pre-determined industry peer group, suggests strong competitive performance within the hotel and resorts sector during the specified performance period.

Comparison to Industry Standards

• The company's Total Shareholder Return (TSR) performance during the January 1, 2023, to December 31, 2025, period was strong enough to result in a 200% payout of performance stock units when measured against a pre-determined industry peer group.

Corporate Governance

Stakeholder Impact

• Shareholders: Positive impact due to the indication of strong company performance (TSR outperformance) that led to the executive compensation payout.
• Employees (Executive): Direct benefit through the vesting and delivery of performance stock units, reflecting successful achievement of performance targets.

Key Dates

Recommendation

This Form 4 indicates strong past performance by Park Hotels & Resorts Inc., as evidenced by an executive achieving 200% of a performance-based stock award tied to Total Shareholder Return relative to peers. While this is a positive indicator, a Form 4 primarily reports an insider transaction and does not provide comprehensive financial updates or forward-looking guidance to warrant a 'buy' or 'sell' recommendation based solely on this filing. Investors should 'hold' and await broader financial reports for a more complete picture.

Keywords

Park Hotels & Resorts, PK, Insider Transaction, Performance Stock Units, Executive Compensation, Total Shareholder Return, Corporate Governance, Form 4