Hyatt (H) EVP exercises 6,018 SARs, sells 7,141 shares

Hyatt Hotels (H) reported insider activity by an officer (Executive Vice President, Group President - ASPAC).

Rhea-AI Filing Summary

Hyatt Hotels (H) reported insider activity by an officer (Executive Vice President, Group President - ASPAC). On 11/07/2025, the insider exercised 6,018 stock appreciation rights (SARs) at an exercise price of $47.36, converting them into Class A shares. That day, they also sold shares, including a weighted average price of $151.10 across multiple trades. On 11/10/2025, additional shares were sold at $157.00.

Following the reported transactions, the insider directly owned 13,746 Class A shares. The SARs relate to awards under the Fifth Amended and Restated Hyatt Hotels Corporation Long‑Term Incentive Plan and carry an expiration date of 03/23/2026.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Udell David

Role See Remarks

Sold 7,141 shs ($1.10M)

Approx. gross sale proceeds $1.10M

Approx. exercise cost $285K

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,010	$157.00	$473K
Exercise	Stock Appreciation Rights	6,018	$0.00	$0.00
Exercise	Class A Common Stock	6,018	$47.36	$285K
Disposition	Class A Common Stock	1,887	$151.10	$285K
Sale	Class A Common Stock	4,131	$151.10	$624K

Holdings After Transaction: Stock Appreciation Rights — 6,018 contracts (Direct); Class A Common Stock — 13,746 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.87 to $151.52, inclusive. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
2. F2. 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, 2017.

FAQ

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

What insider transactions did Hyatt (H) report?

An officer exercised 6,018 SARs at $47.36 on 11/07/2025 and sold shares on 11/07/2025 and 11/10/2025.

How many shares did the Hyatt insider sell and at what prices?

Sales included transactions at a weighted average of $151.10 on 11/07/2025 and at $157.00 on 11/10/2025.

How many Hyatt shares does the insider own after these trades?

The insider directly owned 13,746 Class A shares after the reported transactions.

What derivative security was exercised by the Hyatt insider?

The insider exercised Stock Appreciation Rights (SARs) covering 6,018 shares at an exercise price of $47.36.

When do the reported Hyatt SARs expire?

The SARs carry an expiration date of 03/23/2026.

What does the weighted average sale price mean in this filing?

Shares sold on 11/07/2025 occurred in multiple trades between $150.87 and $151.52, yielding a weighted average of $151.10.

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

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Accepted by SEC EDGAR 11/12/2025 - 06:15 PM 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 IL 60606

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

4. If Amendment, Date of 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

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
Class A Common Stock	11/07/2025		M		6,018	A	$47.36	22,774	D
Class A Common Stock	11/07/2025		D		1,887	D	$151.1	20,887	D
Class A Common Stock	11/07/2025		S		4,131	D	$151.1(1)	16,756	D
Class A Common Stock	11/10/2025		S		3,010	D	$157	13,746	D

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
Stock Appreciation Rights	$47.36	11/07/2025		M			6,018	(2)	03/23/2026	Class A Common Stock	6,018	$0	6,018	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.87 to $151.52, inclusive. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. 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, 2017.

Remarks:

Executive Vice President, Group President - ASPAC

	Margaret C. Egan, Attorney-in-fact	11/11/2025
	** 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.