Baltimore Thomas J Jr 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) CEO Thomas J. Baltimore Jr Surrenders 23,790 Shares
What Happened Thomas J. Baltimore Jr., CEO and a director of Park Hotels & Resorts Inc. (PK), surrendered 23,790 shares on Feb 17, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock. The shares were valued at $11.20 each (NYSE closing price used for withholding), for a total withholding value of $266,448. A total of 48,401 restricted shares vested and were delivered to him the same day; 23,790 of those were withheld by the issuer to cover taxes (transaction code F).
Key Details
- Transaction date: Feb 17, 2026; Filing date: Feb 19, 2026 (appears timely).
- Withheld shares: 23,790 surrendered at $11.20 per share = $266,448.
- Restricted stock vested: 48,401 shares delivered on Feb 17, 2026.
- Price basis: NYSE closing price on Feb 13, 2026 used to calculate withholding per the restricted stock agreements (footnote F1).
- Shares owned after transaction: Not specified in the Form 4 filing.
- Transaction code F = tax withholding (not an open-market sale or purchase).
Context This was a routine tax-withholding disposition tied to vested restricted stock (a common “sell-to-cover” method) rather than an open-market sale or new purchase, so it doesn’t necessarily reflect a change in the insider’s view of the company. For retail investors, purchases typically carry more interpretive weight than tax-related withholdings.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−23,790$266,448→ 2,028,060 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 48,401 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended from time to time). Pursuant to the terms of the applicable Restricted Stock Agreements, 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 (the "NYSE") on the trading day immediately prior to the date of delivery of such shares. The shares of restricted stock were delivered to the Reporting Person on February 17, 2026 and, as such, the price per share used to determine the tax withholding related to such delivered shares was the NYSE closing price per share of the Issuer's common stock on February 13, 2026.