Bedient Patricia M 4

What Happened
Patricia M. Bedient, a member of the board of directors of Park Hotels & Resorts (PK), was granted 2,723 shares of the company's unrestricted common stock on March 24, 2026. The shares were awarded (transaction code A) under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors in lieu of cash board fees for Q1 2026, were issued at $0.00 per share (i.e., no cash purchase), and vested immediately. The filing notes the award’s market value is based on the NYSE closing price on the grant date (not specified in the excerpt).

Key Details

• Transaction date: March 24, 2026 (filed March 26, 2026) — appears timely under Form 4 rules.
• Type: Award/grant of common stock (Code A).
• Shares granted and acquired: 2,723 shares at $0.00 per share.
• Vesting: Shares vested immediately upon grant.
• Consideration/value: Market value calculated using the NYSE closing price on March 24, 2026 (specific dollar value not provided in the filing excerpt).
• Footnote: Award was elected by the director in lieu of cash board fees for Q1 2026 under the non-employee director stock plan.
• Shares owned after transaction: Not specified in the provided excerpt.

Context
This is a routine non-employee director compensation election (stock in lieu of cash fees) and not a market purchase or sale. Such grants are common and do not by themselves signal a director’s trading sentiment; they reflect standard compensation practices for board service.