ECKERT THOMAS D 4

What Happened

Thomas D. Eckert, a director of Park Hotels & Resorts (PK), was granted 13,839 restricted shares on April 24, 2026. The shares were reported as awarded at a $0 acquisition price (code A on the Form 4) — this reflects a compensation grant rather than a market purchase or sale. The award is tied to his board service for the period ending at the issuer's 2027 annual meeting and will vest in full on April 30, 2027 (or earlier if the 2027 annual meeting is held before that date).

Key Details

• Transaction date: April 24, 2026; Form 4 filed April 28, 2026 (timely filing).
• Transaction: Award/grant of 13,839 restricted shares; reported acquisition price $0.00.
• Vesting: Shares vest in full on April 30, 2027 (or earlier if the 2027 annual meeting occurs sooner).
• Plan: Award issued under the Issuer's 2017 Stock Plan for Non-Employee Directors (as amended and restated April 25, 2025).
• Ownership notes: Filing indicates shares are held in a joint account with the reporting person's spouse and/or held by an LLC for which the reporting person and spouse are general partners with investment authority (per footnotes).
• Shares owned after transaction: Not specified in the provided filing details.

Context

This is a routine director compensation award (restricted stock) and not a cash purchase or sale. Restricted shares typically remain subject to vesting and transfer restrictions until the vesting date and may trigger tax/ownership changes when they vest. Such grants are common for non-employee directors and should not be read automatically as a personal buy/sell signal.