Robb Darren W 4
Research Summary
AI-generated summary
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.