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  4. [Form 4] Hyatt Hotels Corp Insider Trading Activity

Hyatt (H) officer exercises 2,900 rights and sells 2,087 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hyatt Hotels Corp officer David Udell reported several stock transactions involving Class A common stock and stock appreciation rights. He exercised stock appreciation rights covering 2,900 shares at an exercise price of $52.65 per share, receiving the same number of common shares.

On the same date, he sold 2,087 shares in an open-market sale at $188.00 per share and disposed of 813 shares back to the issuer. After these transactions, he directly owned 16,638 shares of Hyatt Class A common stock.

Positive

  • None.

Negative

  • None.

Insights

Routine equity award exercise with partial share sale and issuer disposition.

David Udell exercised stock appreciation rights for 2,900 Hyatt Class A shares at an exercise price of $52.65, then sold 2,087 shares at $188.00 and returned 813 shares to the issuer. This pattern reflects monetizing part of an equity award while retaining shares.

The filing shows 16,638 shares held directly after the transactions, so most of his reported position remains in stock. With no remaining derivative positions listed and no Rule 10b5-1 language in the provided footnote, this appears as a straightforward compensation-related exercise and partial sale.

Insider Udell David
Role See Remarks
Sold 2,087 shs ($392K)
Type Security Shares Price Value
Exercise Stock Appreciation Rights 2,900 $0.00 --
Exercise Class A Common Stock 2,900 $52.65 $153K
Disposition Class A Common Stock 813 $188.00 $153K
Sale Class A Common Stock 2,087 $188.00 $392K
Holdings After Transaction: Stock Appreciation Rights — 2,900 shares (Direct, null); Class A Common Stock — 19,538 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Open-market shares sold 2,087 shares at $188.00 Class A common stock sale on June 2, 2026
Shares disposed to issuer 813 shares at $188.00 Disposition to issuer on June 2, 2026
Stock appreciation rights exercised 2,900 shares at $52.65 Exercise of stock appreciation rights into Class A shares
Post-transaction holdings 16,638 shares Direct ownership of Hyatt Class A common stock after transactions
Net buy/sell shares -2,087 shares Net share change from buy/sell activity in this filing
Derivative positions remaining 0 stock appreciation rights No remaining derivative positions listed in derivative summary
Stock Appreciation Rights financial
"The stock appreciation rights issued pursuant to the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
Long-Term Incentive Plan financial
"issued pursuant to the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan, as amended"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
issuer disposition financial
"transaction_action": "issuer disposition""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
See Remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/02/2026M2,900A$52.6519,538D
Class A Common Stock06/02/2026D813D$18818,725D
Class A Common Stock06/02/2026S2,087D$18816,638D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Appreciation Rights$52.6506/02/2026M2,900 (1)03/22/2027Class A Common Stock2,900$02,900D
Explanation of Responses:
1. The stock appreciation rights issued pursuant to the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan, as amended (the "LTIP") vested in four substantially equal annual installments beginning on March 16, 2018.
Remarks:
Executive Vice President, Group President - ASPAC
Margaret C. Egan, Attorney-in-fact06/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did David Udell report in Hyatt (H) stock?

David Udell reported exercising stock appreciation rights for 2,900 Hyatt Class A shares and then selling 2,087 shares at $188.00 per share while disposing of 813 shares back to the issuer, all on June 2, 2026.

How many Hyatt (H) shares does David Udell hold after these transactions?

After the reported transactions, David Udell directly holds 16,638 shares of Hyatt Class A common stock. This figure comes from the post-transaction ownership line associated with his open-market sale and reflects his remaining direct equity stake following the exercise and dispositions.

At what prices did David Udell transact Hyatt (H) shares and awards?

David Udell exercised stock appreciation rights with an exercise price of $52.65 per share and sold Hyatt Class A shares in the market at $188.00 per share. The issuer disposition of 813 shares is also reported at a transaction price of $188.00 per share.

What type of equity award did David Udell exercise at Hyatt (H)?

He exercised stock appreciation rights granted under Hyatt’s Long-Term Incentive Plan. These rights covered 2,900 underlying shares of Class A common stock at an exercise price of $52.65, converting derivative compensation into actual shares before subsequent sale and disposition activity.

Was David Udell’s Hyatt (H) stock transaction an open-market sale?

Yes. The filing classifies one transaction as an open-market or private sale of 2,087 Hyatt Class A shares at $188.00 per share. A separate transaction code indicates a disposition of 813 shares back to the issuer, distinct from the open-market sale.