Form 4: Hill Path Capital Partners Report Changes in Beneficial Ownership of United Parks & Resorts Inc.

Hill Path Capital Partners and related entities report changes in beneficial ownership of United Parks & Resorts Inc. common stock, including the grant of shares under the issuer's incentive plan.

Summary

• Hill Path Capital Partners LP and related entities, including Scott Ross, filed a Form 4 with the SEC reporting changes in beneficial ownership of United Parks & Resorts Inc. (PRKS) common stock.
• The report indicates that on June 30, 2024, Scott Ross acquired 1,519 shares of common stock at a price of $0.00, granted under the issuer's 2017 Omnibus Incentive Plan, which vests immediately.
• The filing also details the indirect ownership of common stock by various Hill Path Capital entities, including Hill Path Capital Partners LP (5,885,065 shares), Hill Path Capital Co-Investment Partners LP (176,201 shares), Hill Path Capital Partners Co-Investment E LP (6,109,961 shares), Hill Path Capital Partners Co-Investment E2 LP (402,017 shares), Hill Path Capital Partners-H LP (1,334,162 shares), Hill Path Capital Partners Co-Investment S LP (83,900 shares), HEP Fund LP (10,518,006 shares), and HM Fund LP (2,695,994 shares).
• The reporting persons may be deemed to be a member of a Section 13(d) group along with HAT Fund LP and HAT Fund II LP, which do not beneficially own any shares of Common Stock, that collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.
• Scott Ross is a director of United Parks & Resorts Inc.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing, indicating routine transactions. The sentiment is neutral, with a slight positive leaning due to the grant of incentive shares.

Positives

• The grant of shares under the 2017 Omnibus Incentive Plan could be seen as a positive sign, aligning the interests of the director with those of the shareholders.
• The immediate vesting of the shares suggests a strong commitment to the company's success.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership, which is common for directors and major shareholders of publicly traded companies. It provides transparency to the market regarding the holdings and transactions of insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure and insider transactions of United Parks & Resorts Inc.

Key Dates