ECI Trust - Julia (NYSE: H) sells 12,767 Hyatt Class B shares
Rhea-AI Filing Summary
ECI Trust - Julia, an entity associated with Hyatt Hotels Corp, reported open-market sales of Class B Common Stock. The trust sold a total of 12,767 shares of Class B, which are convertible into an equal number of Class A shares. One trade for 85 shares priced at a weighted average of $188.8298 occurred within a range of $188.71 to $188.87, and another trade for 12,682 shares priced at $186.93 was also reported. Following these transactions, the trust no longer holds the reported Class B shares.
Positive
- None.
Negative
- None.
Insights
Trust entity executes modest, fully exiting sale of reported Hyatt Class B shares.
The filing shows ECI Trust - Julia conducted two open-market sales totaling 12,767 Class B shares of Hyatt Hotels Corp. Each Class B share is convertible into one Class A share, so the sale effectively reduces the trust’s economic exposure by that amount.
The first block of 85 shares was sold at a weighted average price of $188.8298, within a narrow intraday range, and the second block of 12,682 shares at $186.93. After these trades, the reported Class B position is zero and no remaining derivative positions are listed in this filing. The transactions appear as routine ownership rebalancing by a trust, without additional context on the trust’s overall holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 12,682 | $186.93 | $2.37M |
| Sale | Class B Common Stock | 85 | $188.8298 | $16K |
Footnotes (1)
- As provided in the Issuer's Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation. Represents the weighted average sale price. The highest price at which shares were sold was $188.87 and the lowest price at which shares were sold was $188.71. 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 footnote (2) to this Form 4.