Park Hotels (PK) Director Patricia Bedient Receives 1,986-Share Award

What Happened

• Patricia M. Bedient, a director of Park Hotels & Resorts Inc. (PK), was granted 1,986 shares of the company's common stock on June 23, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) with an acquisition price of $0.00 (awarded, not purchased). The shares vested immediately.
• The award was issued in lieu of cash board fees for Q2 2026 and had a market value based on the NYSE closing price on the grant date (market value not specified in the filing).

Key Details

• Transaction date: 2026-06-23; transaction type: Award/Grant (Code A); shares acquired: 1,986; acquisition price: $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Bedient elected to receive common stock under the Park Hotels & Resorts 2017 Stock Plan for Non-Employee Directors in lieu of cash fees; the stock was granted on the fifth business day prior to the fees’ payable date and vested immediately.
• Filing date: 2026-06-24 (appears to be timely).

Context

• This was a routine director compensation election (stock in lieu of cash fees), not an open-market purchase or sale. Such awards compensate service and do not by themselves indicate the director bought or sold stock based on a view of the company’s prospects. The reported acquisition price of $0.00 reflects that the shares were granted, while their economic value equals the market price on the grant date.