Park Hotels (PK) Director Thomas A. Natelli Receives 1,756-Share Award

What Happened Thomas A. Natelli, a director of Park Hotels & Resorts Inc. (PK), was granted 1,756 shares of the company's common stock on 2026-09-23. The shares were issued as an award in lieu of cash board fees (acquisition code A) and reported with an acquisition price of $0.00 on the Form 4. The shares vested immediately upon grant; the filing does not list a cash value for the award, though 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; Form 4 filed: 2026-09-24 (appears timely — within the normal 2-business-day filing window).
• Reported acquisition: 1,756 shares at $0.00 (award/grant in lieu of cash fees).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Natelli elected to receive common stock under the 2017 Stock Plan for Non-Employee Directors in lieu of cash board fees for Q3 2026; grant occurred five business days before the usual pay date (Sept 30, 2026) and vested immediately. Market value based on NYSE close on grant date.
  • F2/F3: Some shares are held through entities (a limited partnership and an LLC) in which Natelli is a 50% owner and has management roles.
• Transaction code: A = Award/Grant.

Context This was a compensation-related equity award (routine board-fee deferral) rather than an open-market purchase or sale; such grants are common for non-employee directors and do not by themselves indicate the director is making a personal investment decision. The immediate vesting and election in lieu of cash are administrative details of Park Hotels’ non-employee director compensation program.