Form 4: Hill Path Capital and Director Scott Ross Report Acquisition of United Parks & Resorts Shares

Hill Path Capital Partners LP and its affiliates, including Director Scott Ross, have reported the acquisition of 5,358 shares of United Parks & Resorts Inc. common stock at $41.06 per share, granted under the company's 2017 Omnibus Incentive Plan.

Summary

• Hill Path Capital Partners LP and its affiliated entities, along with Director Scott Ross, filed a Form 4 reporting changes in beneficial ownership of United Parks & Resorts Inc. (PRKS) common stock.
• On June 13, 2025, 5,358 shares of common stock were acquired by Scott Ross at a price of $41.06 per share.
• These shares were granted under the Issuer's 2017 Omnibus Incentive Plan and are set to vest 100% on the day before the 2026 Annual Meeting of Stockholders.
• Following this transaction, the collective beneficial ownership of the reporting persons, including Hill Path Capital Partners LP, its various co-investment funds, HEP Fund LP, HM Fund LP, and Scott Ross, totals 27,294,251 shares of common stock.
• Scott Ross serves as a Director and is a 10% owner of United Parks & Resorts Inc., as are the various Hill Path entities.
• This filing is one of two identical reports submitted to the SEC due to system limitations on the number of joint filers.

Sentiment

Score: 6

Explanation: Slightly positive. While a grant is not an open market purchase, it still increases a director's stake and aligns their interests with shareholders. It's a routine compensation event.

Positives

• The acquisition of shares by a director (Scott Ross) aligns his interests with those of the shareholders, potentially indicating confidence in the company's future performance.
• The shares were granted under an existing incentive plan, which is a standard practice for executive compensation and retention.

Future Outlook

The acquired shares are scheduled to vest 100% on the day before the 2026 Annual Meeting of Stockholders, indicating a future milestone for the director's equity compensation.

Management Comments

• Scott Ross, as Managing Partner, signed the filing on behalf of Hill Path Capital Partners LP and its related entities.
• The reporting persons disclaim beneficial ownership of the securities reported except to the extent of their pecuniary interest.

Industry Context

This Form 4 filing details a specific insider transaction for United Parks & Resorts Inc. and does not provide broader industry context or trends. It is a routine disclosure of changes in ownership by a significant shareholder and director.

Comparison to Industry Standards

• This is a standard Form 4 filing for reporting insider transactions, specifically an equity grant under an existing incentive plan. Such grants are common practice across industries for aligning management and director interests with shareholder value. No specific comparable companies or projects are detailed in this filing.

Corporate Governance

Related Party Transactions

• The acquisition of 5,358 shares by Scott Ross, a director and 10% owner, from United Parks & Resorts Inc. constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The grant of shares to a director aligns the director's financial interests with the company's performance, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: While not directly impacting all employees, the existence of an Omnibus Incentive Plan suggests a structured approach to incentivizing key personnel.

Next Steps

• The acquired shares are expected to vest 100% on the day before the 2026 Annual Meeting of Stockholders.

Key Dates

Keywords

United Parks & Resorts Inc., PRKS, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Acquisition, Hill Path Capital Partners, Scott Ross, Equity Grant, Incentive Plan