Robb Darren W 4
4 · Park Hotels & Resorts Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Park Hotels & Resorts (PK) SVP Robb Darren W Surrenders 854 Shares for Taxes
What Happened
Robb Darren W, Senior VP and Chief Accounting Officer of Park Hotels & Resorts (PK), surrendered 854 shares of common stock on Feb 17, 2026 to satisfy tax withholding related to the vesting of 2,836 restricted shares. The shares were valued at $11.20 each (NYSE close used to calculate withholding), for a total of $9,565. This was a tax-withholding disposition (not a discretionary open-market sale or purchase).
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (appears timely).
- Action/code: F — shares surrendered to satisfy tax withholding.
- Shares surrendered/disposed: 854 at $11.20/share = $9,565.
- RSUs vested: 2,836 total; 854 shares withheld for taxes, so 1,982 shares were delivered to the insider.
- Footnote: Price used to calculate withholding was the NYSE closing price on Feb 13, 2026 (per the restricted stock agreement).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was a routine tax withholding related to restricted stock vesting — a common administrative action that does not by itself indicate the insider’s view on the stock. For options or RSU-related withholdings, companies often allow share surrender (cashless) to cover taxes; here the filing reflects that process rather than an open‑market sale or purchase.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$11.20/sh−854$9,565→ 130,433 total
Footnotes (1)
- [F1]Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 2,836 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.