Park Hotels EVP/CIO Thomas Morey exits Sept 8, 2026; gets 2.0x severance, vested RSAs

Park Hotels & Resorts Inc.

Morey, also General Counsel, departed without cause on Sept 8, 2026; separation agreement signed Sept 9, 2026.
Severance: lump sum equal to 2.0x base salary plus average bonus for last two fiscal years, per Executive Severance Plan.
Equity: 10,848 (2024) and 28,557 (2025) unvested RSAs fully vest; all 61,971 (2026) RSAs forfeited; PSUs pro-rated.
Non-compete/non-solicit apply for 12 months, limited to services provided during employment; law practice carve-out.
COBRA paid for 12 months; severance contingent on release and compliance with restrictive covenants.

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