Piantedosi Joseph M. sold PK
February 16, 2024 · Form 4 insider transaction
Piantedosi Joseph M. sold 1,091 shares of Park Hotels & Resorts Inc. at $15.26 per share, a transaction worth $16.6K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 5 days after the transaction.
Footnotes
Represents shares surrendered to the Issuer by the Reporting Person to satisfy tax withholding obligations due upon the vesting of 3,622 shares of restricted stock previously granted to the Reporting Person pursuant to the Park Hotels & Resorts Inc. 2017 Omnibus Incentive Plan (the "Plan"). Pursuant to the terms of the applicable Restricted Stock Agreements, the price per share used to determine the tax withholdings was the closing price per share of the Company's common stock on the New York Stock Exchange (the "NYSE") on the trading day immediately prior to the date of delivery of such shares. The shares of restricted stock were delivered to the Reporting Person on February 16, 2024 and, as such, the price per share used to determine the tax withholding related to such delivered shares was the NYSE closing price per share of the Company's common stock on February 15, 2024.