NAUGHTON TIMOTHY J 4

What Happened

• Timothy J. Naughton, a director of Park Hotels & Resorts Inc. (PK), was granted 13,839 restricted shares on April 24, 2026. The shares were issued as an award (acquisition price reported as $0). This is a compensation grant to a board member, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-24; Form 4 filed: 2026-04-28.
• Transaction type: Award/Grant (code A). Shares acquired: 13,839; price per share reported: $0. Total cash consideration: $0 (market value not stated in the filing).
• Vesting: Award will vest in full on April 30, 2027 (or earlier if the 2027 annual meeting is held sooner).
• Plan: Issued under the Issuer’s 2017 Stock Plan for Non‑Employee Directors (amended and restated April 25, 2025) for the director service period April 24, 2026 through the 2027 annual meeting (see footnote F1).
• Shares owned after transaction: Not specified in the provided filing.

Context

• This is a typical restricted stock award given to non‑employee directors as board compensation; such grants are routine and do not necessarily indicate the director is buying or selling based on an opinion of the company’s near‑term prospects.
• The filing reports the grant four days after the transaction date; insiders generally must file Form 4 within two business days of a reportable transaction, so check the filing for any timeliness notation if that is a concern.