A driveline component with a housing, a differential case in the housing that is rotatable about an axis, and a park lock mechanism with first, second and third lock elements. The first lock element is coupled to the differential case for common rotation about the axis and has a plurality of first face teeth. The second lock element is fixedly coupled to the housing and has a plurality of first radial teeth. The third lock element has an annular body, which is disposed about the axis, a plurality of second radial teeth, which are fixedly coupled to the annular body and matingly engaged to the first radial teeth, and a plurality of second face teeth that are fixedly coupled to the annular body. The third lock element is movable between first and second positions to selectively disengage and engage the first and second face teeth.