Hill Path Capital Partners S GP LLC 4

What Happened

• Hill Path Capital Partners Co‑Investment S LP, a reported >10% owner of United Parks & Resorts (PRKS), was granted 5,404 shares of PRKS common stock on 2026-06-16. The shares were reported at $0.00 per share (award/grant), so there was no cash paid in the transaction.
• The grant was made under the Issuer’s 2025 Omnibus Incentive Plan and, per the filing, vests 100% on the day before the 2027 Annual Meeting of Stockholders. This is an equity award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-06-16; Filed with SEC: 2026-06-18 (appears timely under Section 16 rules).
• Type/code: A = Award/Grant; Shares: 5,404; Price: $0.00; Reported value: $0.
• Shares owned after transaction: Not specified in the excerpts provided in this summary.
• Notable footnotes: The Form 4 was filed jointly by multiple Hill Path entities and Scott Ross (a director), and this filing is the second of two identical reports required by the SEC e‑filing limit for joint filers. Several footnotes explain how various Hill Path entities and Mr. Ross may be deemed to beneficially own shares held by related funds.
• Filing timeliness: Filing date is two days after the transaction date, which generally meets the two‑business‑day Form 4 requirement.

Context

• This was an equity award that vests in full before the 2027 annual meeting; awards are compensation events and do not necessarily signal buying or selling intent in the market.
• Because the reporting party is an institutional/related‑entity owner (part of the Hill Path group) and the filing is joint among multiple affiliated entities (with Mr. Ross noted as a managing member/director), treat this as institutional insider reporting rather than a routine individual executive open‑market trade.