Vu Nancy M. 4
Research Summary
AI-generated summary
Park Hotels (PK) EVP Nancy Vu Surrenders 3,751 Shares for Taxes
What Happened
- Nancy M. Vu, EVP, General Counsel & Secretary of Park Hotels & Resorts (PK), surrendered 3,751 shares on Feb 17, 2026 to cover tax withholding obligations related to the vesting of restricted stock. The withholding was calculated at $11.20 per share (NYSE close on Feb 13, 2026), totaling about $42,011. The related 8,317 restricted shares were delivered to Ms. Vu on Feb 17, 2026.
Key Details
- Transaction date: February 17, 2026 (filed with SEC on February 19, 2026)
- Transaction type/code: F — shares surrendered to satisfy tax withholding
- Price used for withholding: $11.20 per share (NYSE close on Feb 13, 2026)
- Shares surrendered: 3,751; value ≈ $42,011
- Restricted shares vested/delivered: 8,317 (per footnote)
- Shares owned after transaction: not disclosed in the provided filing
- Filing timeliness: filed two days after the transaction date — appears timely under typical Rule 16b reporting windows
Context
- This was not an open-market sale or purchase but a routine tax-withholding share surrender following the vesting of restricted stock. Such transactions reflect tax-covering mechanics and do not by themselves indicate a change in insider sentiment.