Form Type: 4

SEC EDGAR Link
Accession Number:0001214659-20-000517
Date:2020-01-17
Issuer: PARK HOTELS & RESORTS INC. (PK)
Original Submission Date:

Reporting Person:

ROBB DARREN W
C/O PARK HOTELS & RESORTS INC.
1775 TYSONS BLVD, 7TH FLOOR TYSONS, VA 22102

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-01-17 A 9,296 a $0.00 31,234 direct
COMMON STOCK 2020-01-21 F 3,032 d $24.77 28,202 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 represents shares of common stock earned and delivered related to a vested performance stock unit award previously granted on february 23, 2017 pursuant to the park hotels & resorts inc. 2017 omnibus incentive plan. the number of earned performance stock units was based on the achievement of performance criteria as determined by the compensation committee of the issuer's board of directors on january 17, 2020 with respect to a performance period commencing on january 4, 2017 and ending on january 3, 2020 (the "performance period") and represents 200% of the target number of performance stock units eligible to be earned. the performance criteria measured the issuer's achievement of certain levels of total shareholder return ("tsr") relative to a pre-determined industry peer group during the performance period.
f2 represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the delivery of shares of common stock earned from the performance stock unit awards previously granted pursuant to the park hotels & resorts inc. 2017 omnibus incentive plan.
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