Hyatt (H) trust converts Class B and sells 42,689 Class A shares at $167.75
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JNP Parachute Mirror Trust L, a reporting entity for Hyatt Hotels Corp, executed a conversion-and-sale transaction involving the company’s dual-class shares. On April 17, 2026, the trust converted 42,689 shares of Class B Common Stock into the same number of Class A shares, then sold all 42,689 Class A shares in an open-market sale at $167.75 per share. After these transactions, the trust reported 0 Class A shares and 170,754 Class B shares held directly. Under Hyatt’s Amended and Restated Certificate of Incorporation, each Class B share is convertible at any time into one Class A share and generally converts automatically into Class A upon transfer, which governed this conversion linked to the sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 42,689 shares ($7,161,080)
Net Sell
3 txns
Insider
JNP Parachute Mirror Trust L
Role
null
Sold
42,689 shs ($7.16M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 42,689 | $0.00 | -- |
| Conversion | Class A Common Stock | 42,689 | $0.00 | -- |
| Sale | Class A Common Stock | 42,689 | $167.75 | $7.16M |
Holdings After Transaction:
Class B Common Stock — 170,754 shares (Direct, null);
Class A Common Stock — 42,689 shares (Direct, null)
Footnotes (1)
- In accordance with the Issuer's Amended and Restated Certificate of Incorporation, the shares of Class B Common Stock reported by the Reporting Person on Table II of this Form 4 automatically converted into shares of Class A Common Stock in connection with the sale reported by the Reporting Person in Table I of this Form 4. 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.
Key Figures
Shares sold: 42,689 shares
Sale price per share: $167.75 per share
Class A holdings after transaction: 0 shares
+2 more
5 metrics
Shares sold
42,689 shares
Class A Common Stock sold on April 17, 2026
Sale price per share
$167.75 per share
Open-market sale of Class A shares
Class A holdings after transaction
0 shares
Direct holdings of JNP Parachute Mirror Trust L
Class B holdings after transaction
170,754 shares
Direct holdings following conversion and sale
Shares converted
42,689 shares
Class B converted into Class A on April 17, 2026
Key Terms
Class A Common Stock, Class B Common Stock, derivative conversion, open-market sale, +1 more
5 terms
Class A Common Stock financial
"sold 42,689 Class A shares in an open-market sale at $167.75 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"converted 42,689 Class B Common Stock into the same number of Class A shares"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative conversion financial
"transaction_action": "derivative conversion""
open-market sale financial
"transaction_action": "open-market sale""
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.
Amended and Restated Certificate of Incorporation regulatory
"Under Hyatt’s Amended and Restated Certificate of Incorporation, each Class B share is convertible"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
FAQ
What insider activity did JNP Parachute Mirror Trust L report for Hyatt (H)?
JNP Parachute Mirror Trust L reported converting 42,689 Class B shares into Class A and then selling 42,689 Hyatt Class A Common shares in an open-market transaction at $167.75 per share. The filing shows a combined conversion-and-sale sequence on April 17, 2026.
What kind of transaction code appears in Hyatt (H) trust’s Form 4?
The Form 4 lists code “C” for derivative conversions and code “S” for an open-market sale. Code C reflects the conversion of Class B into Class A shares, while code S shows the sale of 42,689 Class A shares at $167.75 per share.