0001214659-21-000799.txt : 20210126 0001214659-21-000799.hdr.sgml : 20210126 20210126160519 ACCESSION NUMBER: 0001214659-21-000799 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210122 FILED AS OF DATE: 20210126 DATE AS OF CHANGE: 20210126 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dell'Orto Sean M. CENTRAL INDEX KEY: 0001691156 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37795 FILM NUMBER: 21554081 MAIL ADDRESS: STREET 1: C/O PARK HOTELS & RESORTS INC. STREET 2: 1775 TYSONS BLVD., 7TH FLOOR CITY: TYSONS STATE: VA ZIP: 22102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Park Hotels & Resorts Inc. CENTRAL INDEX KEY: 0001617406 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 362058176 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1775 TYSONS BLVD STREET 2: 7TH FLOOR CITY: TYSONS STATE: VA ZIP: 22102 BUSINESS PHONE: (571) 302-5757 MAIL ADDRESS: STREET 1: 1775 TYSONS BLVD STREET 2: 7TH FLOOR CITY: TYSONS STATE: VA ZIP: 22102 FORMER COMPANY: FORMER CONFORMED NAME: Hilton Worldwide, Inc. DATE OF NAME CHANGE: 20140820 4 1 marketforms-51286.xml PRIMARY DOCUMENT X0306 4 2021-01-22 0001617406 Park Hotels & Resorts Inc. PK 0001691156 Dell'Orto Sean M. C/O PARK HOTELS & RESORTS INC. 1775 TYSONS BLVD, 7TH FLOOR TYSONS VA 22102 false true false false EVP and CFO Common Stock 2021-01-22 4 A false 22222 A 243819 D Common Stock 2021-01-25 4 F false 6965 18.16 D 236854 D Represents shares of common stock earned and delivered related to a vested performance stock unit award previously granted in February 2018 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 22, 2021 with respect to a performance period commencing on January 1, 2018 and ending on December 31, 2020 (the "Performance Period") and represents 116% 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. 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. /s/ Nancy Vu, as Attorney-in-Fact 2021-01-26