NATELLI THOMAS A 4

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.