Hill Path Capital Partners S GP LLC 4

What Happened
Hill Path Capital Partners Co-Investment S LP (reported as a 10% owner) was granted 2,751 shares of United Parks & Resorts, Inc. (PRKS) on 2026-03-31. The shares were recorded at $0.00 per share (transaction code A — award/grant), for a reported aggregate value of $0. The award was granted under the issuer’s 2025 Omnibus Incentive Plan and vested 100% immediately (see footnote F3).

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 reporting that transaction.
• Shares acquired: 2,751; Price per share reported: $0.00; aggregate value: $0.
• Vesting: 100% immediate under the 2025 Omnibus Incentive Plan (F3).
• Reporting structure: This Form 4 was filed jointly by multiple Hill Path entities and Scott Ross (F1, F2). Several footnotes (F4–F11) explain related entities and potential beneficial ownership relationships; Mr. Ross is also a company director.
• Nature of holder: This involves a 10% institutional owner/co-investment entity, not an individual executive open-market purchase or sale.

Context

• This was an awarded/granted acquisition (not a purchase or sale); awards at $0 often reflect compensation or equity adjustments rather than a market buy. Because it vested immediately, no subsequent exercise or sale was reported here.
• As this is an institutional 10% holder and part of a group of related entities, the filing mainly documents internal allocation/awards among related investors rather than signaling an individual insider trading decision.