NAUGHTON TIMOTHY J 4
4 · Park Hotels & Resorts Inc. · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Park Hotels (PK) Director Timothy Naughton Receives Award of 1,814 Shares
What Happened
Timothy J. Naughton, a director of Park Hotels & Resorts Inc. (PK), was granted 1,814 shares of the company's common stock on June 23, 2026. The Form 4 reports the acquisition as an award (transaction code A) with an acquisition price of $0.00 on the filing form; the filing’s footnote clarifies this award was issued in lieu of cash board fees and had a market value based on the NYSE closing price on the grant date. The shares vested immediately upon grant.
Key Details
- Transaction date: 2026-06-23; Form 4 filed: 2026-06-24 (timely filing).
- Reported transaction: Award/grant (A) of 1,814 shares; reported price on form: $0.00 (non-cash award).
- Shares owned after the transaction: not disclosed in the filing.
- Footnote: Naughton elected to receive common stock under the 2017 Stock Plan for Non-Employee Directors in lieu of Q2 2026 cash board fees; grant occurred five business days before fees would have been payable and vested immediately.
- No indication of a 10b5-1 plan, tax-withholding sale, or late filing in this report.
Context
This was an equity award issued instead of cash compensation to a non-employee director, which is a routine form of director pay and not a market purchase or sale. The Form 4 records the award at $0.00 (common for non-cash grants); to estimate the economic value, check Park Hotels’ NYSE closing price on June 23, 2026.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-23+1,814→ 161,308 total
Footnotes (1)
- [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.