NAUGHTON TIMOTHY J 4

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.