Form 4: Park National Director Gratz Awarded Equity Shares

Park National Corp. Director Kelly K. Gratz received an award of 345 common shares under the company's long-term incentive plan.

Summary

• Director Kelly K. Gratz was awarded 345 common shares of Park National Corp. (PRK) on October 27, 2025.
• The shares were granted pursuant to the Park National Corporation 2017 Long-Term Incentive Plan for Non-Employee Directors.
• The acquisition price for these shares was $0, indicating an award rather than a purchase.
• Following this transaction, Kelly K. Gratz beneficially owns a total of 609.0926 common shares.
• The reported beneficial ownership includes shares acquired through Park National Corporation's dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director receiving equity awards aligns their interests with shareholders, which is generally viewed favorably. However, it's a routine compensation event and not indicative of extraordinary performance or strategic shifts.

Positives

• The award of common shares to a director aligns management's interests with those of shareholders, promoting long-term value creation.
• The transaction is part of a pre-existing, approved long-term incentive plan, indicating structured and transparent compensation practices.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction is a routine compensation event for a director, common across publicly traded companies, and does not reflect broader industry trends or competitive positioning.

Related Party Transactions

• The award of common shares to Director Kelly K. Gratz constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors under an existing incentive plan.

Stakeholder Impact

• Shareholders: The award of shares to a director can be seen as a positive for shareholders, as it increases the director's personal stake in the company's performance, potentially fostering greater alignment of interests.

Key Dates

Keywords

Park National Corp, PRK, Kelly K. Gratz, Director, Equity Award, Insider Transaction, SEC Form 4, Long-Term Incentive Plan, Common Shares, Beneficial Ownership