Piantedosi Joseph M. 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) EVP Joseph Piantedosi Surrenders 1,634 Shares
What Happened
Joseph M. Piantedosi, EVP, Asset Management of Park Hotels & Resorts (PK), surrendered 1,634 shares to the company on Feb 17, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock. The withheld shares were valued at $11.20 each, totaling $18,301. A total of 3,623 restricted shares vested and were delivered to Piantedosi on Feb 17, 2026; 1,989 net shares were retained after withholding (3,623 vested − 1,634 surrendered). This was a tax-withholding disposal (routine), not an open-market sale.
Key Details
- Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (appears timely).
- Disposition: 1,634 shares surrendered at $11.20 per share; reported value $18,301.
- Vesting: 3,623 restricted shares vested and were delivered on Feb 17, 2026.
- Net shares received: 1,989 (3,623 vested − 1,634 surrendered).
- Footnote: Withholding pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan; the price used to determine tax withholding was the NYSE closing price on Feb 13, 2026.
- Shares owned after transaction: Not specified in the provided filing.
- Transaction code: F (tax withholding).
Context
Surrendering shares to cover taxes on vested restricted stock is a common, administrative action and does not necessarily indicate a decision to sell holdings in the open market. The filing shows a net increase in Piantedosi’s holdings of 1,989 shares from this vesting event after withholding.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−1,634$18,301→ 117,818 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 3,623 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.