Park Hotels & Resorts (PK) Proxy Filing summary

Executive summary

• Annual meeting scheduled for April 24, 2026, with voting on director elections, executive compensation, and auditor ratification.

• Strategic focus in 2025 on divesting non-core hotels and reinvesting in core assets, with $300 million in capital improvements and $245 million returned to shareholders.

• Portfolio now consists of 34 premium-branded hotels and resorts, with ongoing efforts to enhance asset quality and operational excellence.

• Board and management emphasize responsible growth, risk management, and long-term value creation.

Voting matters and shareholder proposals

• Shareholders will vote to elect nine directors, approve executive compensation (say-on-pay), and ratify Ernst & Young LLP as the independent auditor for 2026.

• Board recommends voting in favor of all proposals.

• Proxy access and shareholder proposal procedures are outlined for future meetings.

Board of directors and corporate governance

• Board comprises nine nominees, 89% independent, with diverse skills and backgrounds; 44% are women or ethnically diverse.

• Annual election of directors, majority voting standard, and robust evaluation processes.

• Lead Independent Director and fully independent committees ensure strong oversight.

• Active year-round shareholder engagement and feedback integration.