Dell'Orto Sean M. 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) CFO Sean Dell'Orto Surrenders 6,825 Shares
What Happened
Sean M. Dell'Orto, EVP, Chief Financial Officer and Treasurer of Park Hotels & Resorts Inc. (PK), surrendered 6,825 shares on February 17, 2026 to satisfy tax withholding obligations related to the vesting and delivery of 15,132 restricted shares. The shares surrendered were valued at $11.20 each, for a total of $76,440. This was a non‑market disposition to cover taxes (transaction code F), not an open‑market sale.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely within the two-business‑day window).
- Shares surrendered/disposed: 6,825 at $11.20 per share; total value $76,440.
- Award delivered: 15,132 restricted shares were delivered to Dell'Orto on February 17, 2026.
- Footnote: The per‑share price used to calculate withholding ($11.20) was the NYSE closing price on February 13, 2026, per the Restricted Stock Agreements.
- Transaction code: F — payment of exercise price or tax liability via share surrender.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was a routine tax‑withholding event tied to the vesting/delivery of restricted stock. Such share surrenders to satisfy tax obligations are common and do not necessarily signal a change in the insider's market view.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−6,825$76,440→ 614,977 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 15,132 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.