other material
confidence high
sentiment positive
materiality 0.65
Park Hotels authorizes $300M share repurchase program; shifts executive equity to performance-based awards
Park Hotels & Resorts Inc.
- Board approved up to $300M share repurchase over 24 months; program expires Feb 23, 2024.
- CEO equity grant mix changed to 65% PSUs / 35% RSAs, from 60/40 in 2021.
- Other named executive officers' equity mix changed to 60% PSUs / 40% RSAs, from 50/50.
- Changes made per stockholder feedback to better align compensation with shareholder interests.