secwatch.observer — SEC 8-K summary
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Issuer:     Park Hotels & Resorts Inc. (PK)
CIK:        0001617406
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001617406-26-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park Hotels names CFO Sean Dell'Orto as COO; revamps executive compensation
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- Sean M. Dell'Orto appointed COO effective Feb 12, 2026, while retaining CFO and Treasurer roles.
- Base salary raised to $675,000; LTIP target increased to 333% of salary; STIP target to 125%.
- CEO Baltimore's LTIP target raised to $7M+ (from $5.25M); STIP max bonus increased to 450% of salary.
- LTIP modified: 75% of PSUs vest on relative TSR, 25% on RevPAR growth; equity allocation shift.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1617406/000161740626000003/0001617406-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1617406/000161740626000003/pk-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001617406-26-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer