0001214659-21-000797.txt : 20210126
0001214659-21-000797.hdr.sgml : 20210126
20210126160719
ACCESSION NUMBER: 0001214659-21-000797
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: Morey Thomas C
CENTRAL INDEX KEY: 0001447589
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37795
FILM NUMBER: 21554116
MAIL ADDRESS:
STREET 1: 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-51287.xml
PRIMARY DOCUMENT
X0306
4
2021-01-22
0001617406
Park Hotels & Resorts Inc.
PK
0001447589
Morey Thomas C
C/O PARK HOTELS & RESORTS INC.
1775 TYSONS BLVD, 7TH FLOOR
TYSONS
VA
22102
false
true
false
false
EVP & Chief Investment Officer
Common Stock
2021-01-22
4
A
false
18471
A
162851
D
Common Stock
2021-01-25
4
F
false
6151
18.16
D
156700
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