Hyatt Hotels (NYSE: H) EVP exercises stock rights and sells 4,300 shares

Rhea-AI Filing Summary

Hyatt Hotels Corporation executive vice president and Group President - ASPAC reported several stock transactions in company Class A common stock. On 11/26/2025, the officer exercised 6,018 stock appreciation rights at an exercise price of $47.36 per share, receiving the same number of Class A shares. That day, the officer disposed of 1,718 shares and sold 4,300 shares at a price of $166 per share. After these transactions, the officer directly held 13,746 shares of Hyatt Class A common stock. The stock appreciation rights were originally granted under Hyatt’s long‑term incentive plan and vested in four annual installments beginning in March 2017.

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

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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)
11/26/2025

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	11/26/2025		M		6,018	A	$47.36	19,764	D
Class A Common Stock	11/26/2025		D		1,718	D	$166	18,046	D
Class A Common Stock	11/26/2025		S		4,300	D	$166	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	11/26/2025		M			6,018	(1)	03/23/2026	Class A Common Stock	6,018	$0	0	D

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, 2017.

Remarks:

Executive Vice President, Group President - ASPAC

	Margaret C. Egan, Attorney-in-fact	12/01/2025
	** 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.
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FAQ

What insider transaction did Hyatt Hotels (H) report on this Form 4?

The filing reports that a Hyatt Hotels executive exercised 6,018 stock appreciation rights at $47.36 per share and disposed of and sold Hyatt Class A common stock on 11/26/2025.

How many Hyatt Hotels (H) shares does the reporting person own after the transactions?

Following the reported transactions, the officer directly owns 13,746 shares of Hyatt Hotels Class A common stock.

At what price were the Hyatt Hotels (H) stock appreciation rights exercised and shares sold?

The stock appreciation rights were exercised at an exercise price of $47.36 per share, and 4,300 Class A shares were sold at a price of $166 per share.

What type of equity award did the Hyatt Hotels (H) executive exercise?

The executive exercised stock appreciation rights granted under the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan, resulting in 6,018 Class A common shares.

What is the reporting person’s role at Hyatt Hotels (H)?

The reporting person is identified as an Executive Vice President, Group President - ASPAC of Hyatt Hotels Corporation.

Were these Hyatt Hotels (H) transactions part of an incentive plan?

Yes. The stock appreciation rights exercised were issued under Hyatt’s Fifth Amended and Restated Long-Term Incentive Plan and vested in four equal annual installments beginning on March 16, 2017.