Olander Jill C 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels & Resorts (PK) EVP Jill Olander Surrenders 2,350 Shares for Tax
What Happened
Jill C. Olander, EVP Human Resources of Park Hotels & Resorts (PK), surrendered 2,350 shares on Feb 17, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The shares were valued at $11.20 each, for a total of $26,320. This was a tax-withholding share surrender (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (appears timely within the 2-business-day filing window).
- Shares surrendered: 2,350 at $11.20 per share; total value $26,320.
- Reason: Withholding to cover taxes on 4,690 restricted shares that vested and were delivered to the reporting person.
- Price basis: Withholding price per share was the NYSE closing price on Feb 13, 2026 (used per the restricted stock agreement).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Transaction type: Code F — tax withholding via share surrender (routine administrative action).
Context
This was a cashless/tax-withholding surrender related to vested restricted stock, a common administrative step that does not necessarily signal insider buying or selling intent. Such transactions typically reflect tax obligations rather than a change in confidence about the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−2,350$26,320→ 195,833 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 4,690 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.