NATELLI THOMAS A 4
4 · Park Hotels & Resorts Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) Director Thomas Natelli Receives 1,814-Share Award
What Happened
Thomas A. Natelli, a director of Park Hotels & Resorts Inc. (PK), was granted 1,814 shares of the company's common stock on June 23, 2026 under the Park Hotels & Resorts 2017 Stock Plan for Non‑Employee Directors. The Form 4 records this as an award/acquisition (code A) at $0.00 (no cash paid); the award vested immediately and was issued in lieu of cash board fees for Q2 2026. The filing shows the grant date as June 23, 2026 and the Form 4 was filed on June 24, 2026.
Key Details
- Transaction type: Award/Grant (code A) of 1,814 shares to a director.
- Grant date: 2026-06-23; Form 4 filed: 2026-06-24 (filed within the standard 2-business-day window).
- Recorded acquisition price on Form 4: $0.00 (award); footnote states the shares had a market value based on the NYSE closing price on the grant date (market value not specified in the excerpt).
- Vesting: Shares vested immediately upon grant.
- Ownership after transaction: Total beneficial ownership after this award is not specified in the provided filing excerpt.
- Footnotes of note: (F1) Award elected in lieu of cash director fees for Q2 2026 and vested immediately; (F2–F3) some shares held through entities (a limited partnership and an LLC) in which Natelli is a 50% owner/manager.
Context
This is a routine equity award issued as compensation for board service, not a market purchase or sale. Such awards are common for non‑employee directors and do not, by themselves, indicate a buy/sell signal about the company's stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-23+1,814→ 228,393 total
- 1,570(indirect: By Trust)
Common Stock
- 1,570(indirect: By Trust)
Common Stock
- 1,570(indirect: By Trust)
Common Stock
- 1,570(indirect: By Trust)
Common Stock
- 18,840(indirect: By LP)
Common Stock
[F2] - 6,280(indirect: By LLC)
Common Stock
[F3] - 6,280(indirect: By LLC)
Common Stock
[F3]
Footnotes (3)
- [F1]The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended and restated, in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 2nd quarter of 2026 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, June 23, 2026, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date.
- [F2]Shares are owned by a limited partnership, of which the reporting person is a 50% owner and the president of the limited partnership's general partner.
- [F3]Shares are owned by a limited liability company, of which the reporting person is a 50% owner and managing member.