NAUGHTON TIMOTHY J 4

What Happened

• Timothy J. Naughton, a director of Park Hotels & Resorts Inc. (PK), was granted 2,487 shares of the company's common stock on March 24, 2026 as an award under the firm's 2017 Stock Plan for Non-Employee Directors. The Form 4 reports the acquisition price as $0.00 because this was a compensation award (code A). The shares vested immediately and were issued in lieu of cash board fees for the first quarter of 2026.

Key Details

• Transaction date: March 24, 2026 (reported on Form 4 filed March 26, 2026) — filing appears timely.
• Transaction type: Award/Grant (code A); 2,487 shares; reported acquisition price $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The reporting person elected to receive common stock instead of cash fees; shares were granted on the fifth business day prior to the scheduled cash payment and had a market value based on the NYSE closing price on the grant date.
• No 10b5-1 plan, option exercise, sale, or tax-withholding notation in the provided transaction.

Context

• This is a standard director compensation award (shares in lieu of cash) and should be viewed as compensation rather than a direct market buy or sell signal. The reported $0.00 acquisition price is typical for granted awards; the economic value equals the market price on the grant date (not shown in the filing). Retail investors may watch for any subsequent open-market purchases or sales by the director for clearer trading signals.