NATELLI THOMAS A 4

What Happened

• Thomas A. Natelli, a director of Park Hotels & Resorts Inc. (PK), was granted 2,487 shares of the company's common stock on March 24, 2026. The Form 4 reports an acquisition price of $0.00 because the shares were awarded as compensation (code A) in lieu of cash director fees and vested immediately. The grant was made under the Park Hotels & Resorts 2017 Stock Plan for Non-Employee Directors, and the award’s market value is based on the NYSE closing price on the grant date (market value not specified in the filing).

Key Details

• Transaction date: 2026-03-24; Transaction type: Award/Grant (A); Reported acquisition price: $0.00.
• Shares granted: 2,487; reported total consideration: $0 (awarded as director fees in lieu of cash).
• Vesting: The shares vested immediately on the grant date.
• Plan/Reason: Award elected in lieu of 1Q2026 board fees under the 2017 Stock Plan for Non-Employee Directors; grant occurred five business days prior to the fee payment date.
• Ownership notes: Footnotes indicate some shares are held indirectly — the reporting person is a 50% owner and president of a limited partnership (F2) and a 50% owner and managing member of an LLC (F3).
• Filing timeliness: Form 4 was filed on 2026-03-26 for the 2026-03-24 transaction, which is within the usual two-business-day reporting window and appears timely.

Context

• This transaction is a compensation award rather than a purchase or sale; such director-fee stock grants are common and reflect non-cash compensation rather than an insider "buy" signal. For retail investors, purchases by insiders can be more informative about conviction than routine fee-for-equity awards.