Park Hotels & Resorts (PK) CFO Sean Dell'Orto Receives Restricted Shares

What Happened

Sean M. Dell'Orto, EVP, Chief Financial Officer & Treasurer of Park Hotels & Resorts (PK), was granted 165,782 restricted shares on 2026-09-03. The Form 4 reports an acquisition price of $0 (a restricted-stock award). The shares "shall vest in full on the fourth anniversary of the grant date," subject to Dell'Orto's continued service on that date.

Key Details

• Transaction type: Award/Grant (code A).
• Transaction date: 2026-09-03; Form 4 filed: 2026-09-10 (filed 7 days after the transaction; Form 4s are generally due within 2 business days — this filing appears late).
• Shares granted: 165,782; reported acquisition price: $0.
• Vesting: Full vest on the fourth anniversary of the grant (per footnote), subject to continued service.
• Shares owned after the transaction: Not specified in the provided filing.
• Plan: Award under Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (as amended).

Context

This was a compensation grant (restricted stock) intended as a retention/long-term incentive rather than an open-market purchase or sale. The award will only convert into freely tradable shares if/when it vests (four years after grant, assuming continued service). Late filing reduces the timeliness of public disclosure but does not by itself indicate any change in company fundamentals.