Mayfield Carl A. 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) EVP Carl A. Mayfield Surrenders 4,584 Shares for Taxes
What Happened
Carl A. Mayfield, EVP, Design and Construction at Park Hotels & Resorts (PK), had 9,148 restricted shares vest on Feb 17, 2026 and surrendered 4,584 of those shares to the company to satisfy tax withholding obligations. The withholding used a price of $11.20 per share (NYSE close on Feb 13, 2026), resulting in 4,584 shares withheld valued at $51,341. This was a routine tax-withholding disposition, not an open-market sale or purchase.
Key Details
- Transaction date: February 17, 2026 (reported Feb 19, 2026) — filing appears timely.
- Withheld/disposed: 4,584 shares at $11.20 per share — total value $51,341.
- Restricted shares delivered/vested: 9,148 shares (delivery on Feb 17, 2026).
- Footnote: Price for withholding set at NYSE closing price on Feb 13, 2026 per the Restricted Stock Agreements.
- Shares owned after transaction: Not specified in the Form 4.
Context
This was a tax-withholding action (transaction code F) related to restricted stock vesting — a common administrative transaction that does not indicate a purchase decision or open-market sale. It simply reflects shares surrendered to cover required taxes upon vesting.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−4,584$51,341→ 318,467 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 9,148 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.