| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/22/24 |
| Issuer: |
| Issuer CIK: 1617406 |
| Issuer Name: Park Hotels & Resorts Inc. |
| Issuer Trading Symbol: PK |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1186892 |
| | Owner Name: SADOVE STEPHEN I |
| Reporting Owner Address: |
| | Owner Street 1: C/O PARK HOTELS & RESORTS INC. |
| | Owner Street 2: 1775 TYSONS BLVD, 7TH FLOOR |
| | Owner City: TYSONS |
| | Owner State: VA |
| | Owner ZIP Code: 22102 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: |
| | Other Text: |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/22/24 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,832 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 50,853 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 20,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Family Trust |
| Footnote ID: F2 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 23,816 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: By Trust |
| Footnote ID: F3 |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: The reporting person has elected to receive an award of shares of the issuer's unrestricted common stock ("Common Stock") under the Park Hotels & Resorts Inc. 2017 Stock Plan for Non-Employee Directors, as amended, in lieu of cash fees payable to the reporting person for service on the issuer's board of directors during the 1st quarter of 2024 ("Board Fee"). The Common Stock was granted on the fifth business day prior to the date that such fees would otherwise have been payable, March 22, 2024, and vested immediately. The Common Stock had a market value based on the closing sales price of the issuer's common stock reported on the New York Stock Exchange on the grant date. |
| Footnote - F2: Shares are held by the Sadove Family Delaware Dynasty Trust, of which the reporting person has a pecuniary interest. |
| Footnote - F3: Shares are held by the Stephen I. Sadove Revocable Trust, of which the reporting person serves as the trustee. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Nancy Vu, as Attorney-in-Fact |
| Signature Date: 3/26/24 |
