NATELLI THOMAS A 4

What Happened

• Thomas A. Natelli, a director of Park Hotels & Resorts, was granted 13,839 restricted shares on April 24, 2026. The grant was reported on a Form 4 filed April 28, 2026. The award was granted at no cash purchase price (reported price $0) under the company's non-employee director equity plan.

Key Details

• Transaction type: Award/Grant (code A).
• Transaction date: April 24, 2026; Form 4 filed April 28, 2026 (appears timely).
• Shares granted: 13,839 restricted common shares; grant price: $0 (no cash paid).
• Vesting: Shares will vest in full on April 30, 2027, or earlier if the 2027 annual meeting is held before that date (per footnote).
• Ownership notes from filing:
  • F1: Award made under the Issuer's 2017 Stock Plan for Non-Employee Directors (amended Apr 25, 2025) for service through the 2027 annual meeting.
  • F2/F3: The filing also notes other holdings are held via entities (a limited partnership and an LLC) in which Mr. Natelli is a 50% owner and serves as president/managing member.
• Shares owned after the transaction: not specified in the details provided.

Context

• This is a standard director compensation award (restricted stock) for board service, not an open-market purchase or sale. Such grants are routine for non-employee directors and vest over time; they do not by themselves indicate an immediate buy or sell signal.