Park Hotels (PK) CEO Thomas Baltimore Jr Receives 331,564-Share Award

What Happened

• Thomas J. Baltimore Jr., CEO and Director of Park Hotels & Resorts (PK), was granted 331,564 restricted shares of common stock on 2026-09-03. The grant is recorded at $0.00 per share (award), and the shares will vest in full on the fourth anniversary of the grant (2030-09-03), subject to his continued service.
• This is a compensation award (code A), not an open-market purchase or sale, so it does not represent an immediate cash investment or divestment by the insider.

Key Details

• Transaction date: 2026-09-03; reported on Form 4 filed 2026-09-10 (appears to be a late filing relative to the usual 2-business-day Form 4 rule).
• Transaction type/code: Award/Grant (A); price reported as $0.00 per share.
• Number of shares granted: 331,564 restricted shares.
• Vesting: Vest in full on the fourth anniversary of the grant date (2030-09-03), subject to continued service.
• Plan and approval: Award granted under the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan and approved by the Compensation & Human Capital Committee (per footnote).
• Shares owned after transaction: Not provided in the supplied filing details.

Context

• Restricted stock awards are compensation tied to continued employment and/or performance; shares are typically non-transferable and may be forfeited if the executive leaves before vesting. They do not reflect an immediate market bet by the insider.
• While late Form 4 filings are relatively common, they can attract regulatory attention or require explanatory amendments; a late filing does not by itself imply misconduct but reduces transparency for investors.