Kelly Thomas Brian 4

What Happened

• Kelly Thomas, Chief Legal Officer of United Parks & Resorts (PRKS), was granted two equity awards on 2026-03-06: 47,169 restricted stock units (RSUs) and 29,481 stock options.
• The option grant has a strike/exercise price of $33.92 and is reported with an aggregate value of $999,996. The RSUs have no per-share price listed (typical for time-based unit grants).

Key Details

• Transaction date: 2026-03-06; Form 4 filed 2026-05-01 (filing appears late relative to the transaction date).
• RSUs: 47,169 units (Footnote F1) — vest 25% on each of the first four anniversaries of the grant.
• Options: 29,481 options at $33.92 strike (Footnote F2) — become exercisable 25% per year over four years. Aggregate reported value: $999,996.
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing timeliness: The Form 4 was filed nearly two months after the grant date (late filing); late filings can reduce transparency for investors.

Context

• These are compensation awards (an RSU grant and an option grant), not open-market purchases or sales. Such grants are common as part of executive pay and do not by themselves indicate immediate buying or selling of stock.
• The options vest over time (not immediately exercisable in full) and are not reported as exercised or sold — this is a standard time-based retention/compensation award.
• Retail investors should view this as routine executive compensation; the option’s $999,996 reported value shows the company granted about $1.0M in option value to the CLO on the grant date.