United Parks And Resorts Inc.

11/13/2024 | Press release | Distributed by Public on 11/13/2024 20:58

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Myers William Earnest
2. Issuer Name and Ticker or Trading Symbol
United Parks & Resorts Inc. [PRKS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Accounting Officer
(Last) (First) (Middle)
C/O UNITED PARKS & RESORTS INC., 6240 SEA HARBOR DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
11/11/2024
(Street)
ORLANDO, FL 32821
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/11/2024 A 5,283(1) A $ 0 5,283 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $56.78 11/11/2024 A 1,233 (2) 11/11/2034 Common Stock 1,233 $56.78 1,233 D
Employee Stock Option (right to buy) $56.78 11/11/2024 A 160 (3) 11/11/2034 Common Stock 160 $56.78 160 D
Employee Stock Option (right to buy) $56.78 11/11/2024 A 528 (4) 11/11/2034 Common Stock 528 $56.78 528 D
Employee Stock Option (right to buy) $56.78 11/11/2024 A 68 (5) 11/11/2034 Common Stock 68 $56.78 68 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Myers William Earnest
C/O UNITED PARKS & RESORTS INC.
6240 SEA HARBOR DRIVE
ORLANDO, FL 32821
Chief Accounting Officer

Signatures

/s/ Dan Bollinger, Power of Attorney 11/13/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Represents restricted stock units issued pursuant to the Issuer's 2017 Omnibus Incentive Plan, which vest over four years, with 25% vesting on each of the first four anniversaries of the date of grant. In addition, the officer is required to maintain ownership of at least fifty percent of the net shares received upon vesting until: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.
(2) The option becomes exercisable over four years, with 25% becoming exercisable on each of the first four anniversaries of the date of grant.
(3) The option becomes exercisable over three years, with one-third (1/3) becoming exercisable on each of the first three anniversaries of the date of grant.
(4) The option vests over four years, with 25% vesting on each of the first four anniversaries of the date of grant. Any vested options become exercisable: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.
(5) The option vests over three years, with one-third vesting on each of the first three anniversaries of the date of grant. Any vested options become exercisable: (1) one year after the original final vesting date of the grant, if employed at such date; or (2) the second anniversary of the termination of the officer's employment with the Issuer.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.