Morey Thomas C 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) EVP Thomas Morey Surrenders 5,951 Shares for Taxes
What Happened
Thomas C. Morey, EVP & Chief Investment Officer of Park Hotels & Resorts (PK), surrendered 5,951 shares of company stock on Feb 17, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock. The shares were valued at $11.20 each, for a total withholding value of $66,651. This was a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely).
- Price used for withholding: $11.20 per share (NYSE close on Feb 13, 2026).
- Shares surrendered: 5,951 shares; restricted stock delivered on vesting: 12,106 shares.
- Total value surrendered: $66,651.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Shares were surrendered to satisfy tax withholding under the company’s 2017 Omnibus Incentive Plan; withholding price was NYSE closing price on the trading day immediately prior to delivery (Feb 13, 2026).
Context
This was a routine tax-withholding transaction tied to the vesting of restricted stock (an award). Surrenders to cover withholding are common for executives and do not necessarily indicate a view on the company’s prospects.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−5,951$66,651→ 433,971 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 12,106 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.