Baltimore Thomas J Jr 4

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.