Hill Path Capital Partners S GP LLC 4

What Happened
Hill Path Capital Partners Co-Investment S LP (reported as a 10% owner among related Hill Path entities) received an award of 1,821 shares of United Parks & Resorts, Inc. (PRKS) on June 30, 2026. The Form 4 reports these shares at $0.00 per share (grant/award), and the grant is stated to vest 100% immediately under the Issuer’s 2025 Omnibus Incentive Plan (footnote F3). The filing was submitted on July 2, 2026 and is a joint report covering multiple related Hill Path entities and Scott Ross (see footnotes F1 and F2).

Key Details

• Transaction date: 2026-06-30 (Form 4 filed 2026-07-02)
• Transaction type: Award/Grant (code A) — 1,821 shares at $0.00 reported
• Vesting: 100% vested immediately (footnote F3)
• Shares owned after transaction: not specified in the provided filing excerpt
• Filing structure: joint filing by multiple Hill Path-related entities and Scott Ross; filed jointly to accommodate SEC e-file limits (footnotes F1, F2)
• Ownership context: Hill Path entities report >10% collective stake; this is institutional ownership rather than an individual executive trade (footnotes F2, F10–F11, F4–F9)
• No indication in this excerpt that the filing was late

Context
An award reported at $0.00 typically reflects a grant of shares (compensation or similar) rather than a market purchase; immediate vesting means the recipient now holds the shares outright. For retail investors, institutional grants by a 10% owner are different from an insider buy/sell signal — they reflect compensation or allocation within an investor group and shouldn’t be interpreted alone as a direct bullish or bearish indicator.