Hyatt Hotels (H) 10% owner trust reports 13,749-share Class B to A conversion
Rhea-AI Filing Summary
Hyatt Hotels Corp reported an insider transaction by a trust that is a member of a 10% owner group. On 01/01/2026, 13,749 shares of Class B Common Stock were converted into 13,749 shares of Class A Common Stock at a conversion price of $0, leaving 0 derivative securities of this type beneficially owned directly after the transaction.
The company’s charter provides that each Class B share is convertible at any time, at the holder’s option, into one Class A share and will also convert automatically into one Class A share upon most transfers. Maroon Private Trust Company, LLC serves as trustee with investment power over the shares; the beneficiaries do not have investment power. The reporting person may be deemed part of a group under certain voting and transfer agreements and disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
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Negative
- None.
FAQ
What insider transaction involving Hyatt Hotels Corp (H) is reported here?
The report shows a trust that is a 10% owner group member converting 13,749 shares of Class B Common Stock into 13,749 shares of Class A Common Stock on 01/01/2026.
How many Hyatt Hotels shares were involved in the Class B to Class A conversion?
The transaction covers 13,749 shares of Class B Common Stock, which were convertible into 13,749 shares of Class A Common Stock on a one-for-one basis.
What is the conversion feature of Hyatt Hotels’ Class B Common Stock?
Each share of Class B Common Stock is convertible at any time, at the holder’s option, into one share of Class A Common Stock, and generally converts automatically into one Class A share upon any transfer, subject to certain permitted transfers.
Who has investment power over the Hyatt Hotels shares reported in this filing?
Maroon Private Trust Company, LLC serves as trustee of the reporting person and has investment power over the shares. The beneficiaries of the reporting person do not have investment power over the Class B shares.
Is the reporting person considered part of a 10% owner group of Hyatt Hotels (H)?
Yes. The remarks state the reporting person is a member of a 10% owner group, in part because it has agreed to certain voting agreements and limitations on transfers of Class A and Class B Common Stock.
Does the reporting person claim full beneficial ownership of the Hyatt Hotels shares?
No. The reporting person disclaims beneficial ownership of the securities reported, except to the extent of its pecuniary interest in them.