Tanenbaum Robert 4
4 · Park Hotels & Resorts Inc. · Filed Sep 27, 2017
Insider Transaction Report
Form 4
Tanenbaum Robert
EVP, Asset Management
Transactions
- Tax Payment
Common Stock
2017-09-26$27.82/sh−7,773$216,245→ 91,389 total
Footnotes (2)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 23,482 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan. Pursuant to the terms of the Restricted Stock Agreement, the price per share used to determine the tax withholdings was the closing price per share of the Issuer's common stock on the New York Stock Exchange on the trading day immediately prior to the vesting of such shares, or September 25, 2017.
- [F2]The total number of shares held directly by the Reporting Person has been increased by 111 shares to reflect shares that the Reporting Person previously received with respect to shares of Hilton Worldwide Holdings Inc. ("HLT") common stock held prior to the spin-off of the Issuer from HLT and which were inadvertently excluded from previous reports.