Hyatt officer sells shares after SAR exercise
Hyatt Hotels Corp officer David Udell exercised stock appreciation rights for 5,800 shares of Class A common stock at an effective price of $52.65 per share and then completed open-market sales.
Rhea-AI Filing Summary
Hyatt Hotels Corp officer David Udell exercised stock appreciation rights for 5,800 shares of Class A common stock at an effective price of $52.65 per share and then completed open-market sales. He sold 4,658 and 4,024 shares at $172.00 per share and also disposed of 1,776 shares back to the company. After these transactions, he held 13,338 shares directly. The rights were granted under Hyatt’s long-term incentive plan and vested over four years beginning on March 16, 2018.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Udell David
Role
See Remarks
Sold
8,682 shs ($1.49M)
Approx. gross sale proceeds
$1.49M
Approx. exercise cost
$305K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 5,800 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,800 | $52.65 | $305K |
| Disposition | Class A Common Stock | 1,776 | $172.00 | $305K |
| Sale | Class A Common Stock | 4,024 | $172.00 | $692K |
| Sale | Class A Common Stock | 4,658 | $172.00 | $801K |
Holdings After Transaction:
Stock Appreciation Rights — 5,800 contracts (Direct);
Class A Common Stock — 13,338 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Open-market sale 1: 4,658 shares at $172.00
Open-market sale 2: 4,024 shares at $172.00
Disposition to issuer: 1,776 shares at $172.00
+5 more
8 metrics
Open-market sale 1
4,658 shares at $172.00
Class A Common Stock sale on May 18, 2026
Open-market sale 2
4,024 shares at $172.00
Class A Common Stock sale on May 18, 2026
Disposition to issuer
1,776 shares at $172.00
Class A Common Stock, code D, May 18, 2026
Stock appreciation rights exercised
5,800 shares at $52.65
Exercise of SARs into Class A Common Stock
Net shares sold
8,682 shares
Net sell direction from transaction summary
Shares held after transactions
23,796 shares
Direct Class A holdings following May 18, 2026 trades
Exercise price per SAR
$52.65 per share
Conversion price for stock appreciation rights
SAR expiration
March 22, 2027
Expiration date for stock appreciation rights
Key Terms
Stock Appreciation Rights, Long-Term Incentive Plan, disposition to issuer, open-market sale, +1 more
5 terms
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.
disposition to issuer financial
"transaction_action": "issuer disposition","transaction_code_description": "Disposition to issuer""
open-market sale financial
"transaction_action": "open-market sale","transaction_code_description": "Sale in open market or private transaction""
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion","transaction_code_description": "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hyatt (H) officer David Udell do in this Form 4 filing?
David Udell reported exercising stock appreciation rights for 5,800 Hyatt Class A shares and then selling 8,682 shares in open-market trades. He also returned 1,776 shares to Hyatt and ended the day holding 23,796 shares directly.
What derivative awards did David Udell exercise in Hyatt (H) stock?
Udell exercised stock appreciation rights covering 5,800 shares of Hyatt Class A common stock at an exercise price of $52.65 per share. These rights were issued under Hyatt’s long-term incentive plan and had been vesting in four equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
