Hyatt executive receives RSU and SAR awards

Udell David reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Udell David reported acquisition or exercise transactions in this Form 4 filing.

Hyatt Hotels Corp executive David Udell received new equity awards as part of his compensation. On March 19, 2026 he was granted 1,774 Restricted Stock Units and 3,950 Stock Appreciation Rights tied to Class A Common Stock. Both awards vest in four equal annual installments beginning March 16, 2027, with RSUs settling in shares upon vesting.

Insider Trade Summary

Grant/Award: 5,724 shares

Grant/Award 2 txns

Insider Udell David

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,774	$0.00	$0.00
Grant/Award	Stock Appreciation Rights	3,950	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 1,774 contracts (Direct); Stock Appreciation Rights — 3,950 contracts (Direct)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of Class A Common Stock.
2. F2. The RSUs issued pursuant to the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan, as amended ("LTIP"), vest and become payable in four substantially equal annual installments beginning on March 16, 2027. The RSUs will be settled in Class A Common Stock upon vesting, subject to earlier settlement upon death or disability or a change of control of the Issuer.
3. F3. The stock appreciation rights issued pursuant to the LTIP vest in four substantially equal annual installments beginning on March 16, 2027.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider equity awards did Hyatt (H) grant to David Udell?

Hyatt granted David Udell 1,774 Restricted Stock Units and 3,950 Stock Appreciation Rights tied to Class A Common Stock. These awards represent compensation, giving him future rights to shares rather than reflecting open-market stock purchases or sales.

When do David Udell’s new Hyatt (H) RSUs and SARs vest?

Both the RSUs and Stock Appreciation Rights vest in four substantially equal annual installments starting March 16, 2027. This staggered vesting schedule helps align Udell’s long-term incentives with Hyatt’s performance over several years, rather than providing immediate, fully vested equity.

What does each Hyatt (H) RSU granted to David Udell represent?

Each Restricted Stock Unit represents the contingent right to receive one share of Hyatt Class A Common Stock at settlement. The RSUs are issued under the company’s long-term incentive plan and will be settled in shares as they vest or upon certain triggering events.

What are the key terms of David Udell’s Hyatt (H) Stock Appreciation Rights?

Udell received 3,950 Stock Appreciation Rights with an exercise price of $144.34 per share and an expiration date of March 19, 2036. These rights vest in four equal annual installments beginning March 16, 2027, providing long-dated, performance-linked upside.

Are David Udell’s Hyatt (H) Form 4 transactions open-market buys or sells?

The reported transactions are grants of equity awards, not open-market trades. They are coded as acquisitions under a long-term incentive plan, reflecting compensation-related RSUs and Stock Appreciation Rights rather than discretionary buying or selling of existing Hyatt shares.

Under which plan were David Udell’s Hyatt (H) RSUs and SARs granted?

The awards were issued under the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan. This plan governs key terms such as vesting schedules, settlement in Class A Common Stock, and special provisions for events like death, disability, or a change of control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/23/2026 - 04:19 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Udell David

(Last) (First) (Middle)

C/O HYATT HOTELS CORPORATION

150 NORTH RIVERSIDE PLAZA

(Street)

CHICAGO ILLINOIS 60606

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hyatt Hotels Corp [ H ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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 Securities Underlying Derivative Security (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: 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
Restricted Stock Units	(1)	03/19/2026		A		1,774		(2)	(2)	Class A Common Stock	1,774	$0	1,774	D
Stock Appreciation Rights	$144.34	03/19/2026		A		3,950		(3)	03/19/2036	Class A Common Stock	3,950	$0	3,950	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of Class A Common Stock.

2. The RSUs issued pursuant to the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan, as amended ("LTIP"), vest and become payable in four substantially equal annual installments beginning on March 16, 2027. The RSUs will be settled in Class A Common Stock upon vesting, subject to earlier settlement upon death or disability or a change of control of the Issuer.

3. The stock appreciation rights issued pursuant to the LTIP vest in four substantially equal annual installments beginning on March 16, 2027.

Remarks:

Executive Vice President, Group President - ASPAC

	Margaret C. Egan, Attorney-in-fact	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)