SADOVE STEPHEN I 4

What Happened
Stephen I. Sadove, a director of Park Hotels & Resorts (PK), was awarded 13,839 restricted shares on April 24, 2026 under the issuer’s 2017 Stock Plan for Non-Employee Directors. The grant was reported as an acquisition at a price of $0.00 (award/grant), and the shares will vest in full on April 30, 2027 (or earlier if the 2027 annual meeting is held sooner). This is a compensation award to a non-employee director (neither a purchase nor a sale).

Key Details

• Transaction date: April 24, 2026; Form 4 filed April 28, 2026 (timely filed).
• Transaction type/code: Award/Grant (A).
• Shares awarded: 13,839 restricted common shares; reported acquisition price: $0.00.
• Vesting: Full vesting on April 30, 2027, or earlier if the 2027 annual meeting occurs before that date.
• Post-transaction holdings: Not specified in the provided filing.
• Footnotes: Award made under the 2017 Stock Plan for Non-Employee Directors (amended Apr 25, 2025). Some shares are reported as held by trusts: the Sadove Family Delaware Dynasty Trust (reporting person has a pecuniary interest) and the Stephen I. Sadove Revocable Trust (reporting person is trustee).

Context
This is a routine director compensation award and does not indicate an open-market purchase or sale. Restricted shares typically cannot be sold until they vest, so the economic exposure is delayed until the vesting date. The filing shows standard disclosure of related trusts and was submitted within the required reporting timeframe.