Tanenbaum Robert 4
4 · Park Hotels & Resorts Inc. · Filed Jan 22, 2020
Insider Transaction Report
Form 4
Tanenbaum Robert
EVP, Asset Management
Transactions
- Award
Common Stock
2020-01-17+38,138→ 157,783 total - Tax Payment
Common Stock
2020-01-21$24.77/sh−11,670$289,066→ 146,113 total
Footnotes (2)
- [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.