Park Hotels (PK) Director Timothy Naughton Receives 1,756-Share Award

What Happened
Timothy J. Naughton, a director of Park Hotels & Resorts Inc. (PK), was granted 1,756 shares of the company's common stock on September 23, 2026. The Form 4 reports the shares as an award/acquisition (code A) with an acquisition price of $0.00 (awarded in lieu of cash board fees), so the reported cash consideration is $0. The award vested immediately. The filing notes the grant's market value was determined by the NYSE closing price on the grant date.

Key Details

• Transaction date: 2026-09-23 (reported on Form 4 filed 2026-09-24) — timely filing (Form 4 due within 2 business days).
• Transaction type/code: Award/Grant (A). Acquisition price reported: $0.00; total reported cash paid: $0.
• Shares granted: 1,756 shares; grant vested immediately.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: Naughton elected to receive common stock under the Park Hotels & Resorts 2017 Stock Plan for Non-Employee Directors in lieu of Q3 2026 cash fees; the shares were granted on the fifth business day before the cash payment date (Sept 30, 2026) and valued at the NYSE close on the grant date.

Context
Awards in lieu of director cash fees are a routine form of compensation and do not, by themselves, indicate the director is buying or selling stock for investment reasons. Immediate vesting means the shares are freely owned by the director upon grant. Such awards slightly increase outstanding shares (dilution) but are common for non-employee director compensation.