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- Departure of (new) — The company's Executive Vice President and Chief Investment Officer left the company, which is a material leadership change.
Park Hotels EVP & Chief Investment Officer Thomas Morey departs effective Sept 8, 2026
Filed September 11, 2026 · Period ending September 8, 2026 · ~1 min read
Key Changes
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high
Thomas C. Morey, Executive Vice President and Chief Investment Officer, departed effective September 8, 2026.
Item 5.02 verify on EDGAR → -
medium
Morey entered into a Separation Agreement and Release on September 9, 2026, providing severance under the Executive Severance Plan, contingent on 12-month non-solicitation and non-competition compliance.
Item 5.02 verify on EDGAR →
Summary
Park Hotels & Resorts disclosed that Thomas C. Morey, its Executive Vice President and Chief Investment Officer, departed effective September 8, 2026. The filing does not state the reason for his departure.
The next day, Morey signed a separation agreement providing severance payments and benefits under the company's Executive Severance Plan, contingent on his compliance with non-solicitation and non-competition obligations for 12 months. For retail holders, the departure of a senior investment officer is a notable leadership change, particularly given the lack of a stated reason.
The separation agreement's restrictive covenants suggest a negotiated exit, but the company has not announced a successor or explained the circumstances. Investors may want to watch for further disclosures about the transition and any impact on the company's investment strategy.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Mr. Morey entered into a Separation Agreement and Release with the Company on September 9, 2026
Mr. Morey signed a separation agreement with the company the day after his departure. The agreement provides severance payments and benefits under the company's Executive Severance Plan, contingent on his compliance with non-solicitation and non-competition obligations for 12 months.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 14, 2026 · How we verify