Hill Path Capital's Stake in United Parks & Resorts Rises to 56.1% Following Share Buyback

summarizeSummary

Hill Path Capital LP and its affiliates' beneficial ownership in United Parks & Resorts Inc. increased to 56.1% due to a reduction in outstanding shares from the company's buyback program, as detailed in this Schedule 13D/A.

check_boxKey Events

• Updated Beneficial Ownership

  Hill Path Capital LP and its affiliates, including Managing Partner Scott Ross, now beneficially own 56.1% of United Parks & Resorts Inc. common stock.

• Passive Stake Increase

  The increase in percentage ownership is primarily due to a decrease in the total number of outstanding shares, as reported in the company's recent 10-K filing, aligning with the previously announced share buyback program.

• Director RSU Grants

  Scott Ross received 4,359 restricted stock units (RSUs) and James P. Chambers received 2,382 RSUs in late 2025 as part of their routine director compensation.

auto_awesomeAnalysis

This Schedule 13D/A updates the beneficial ownership of Hill Path Capital LP and its affiliates, including Managing Partner Scott Ross, to 56.1% of United Parks & Resorts Inc. common stock. The increase in their percentage stake is primarily a passive effect of the company's share buyback program, which reduced the total number of outstanding shares. This filing provides important context on the concentration of ownership and control following the buyback, reinforcing the influence of this activist investor group. Additionally, the filing discloses routine restricted stock unit grants to directors Scott Ross and James P. Chambers in late 2025.