Hyatt (H) trust converts Class B and sells 42,689 Class A shares at $167.75
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 42,689 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 42,689 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 42,689 | $167.75 | $7.16M |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
Class A Common Stock financial
Class B Common Stock financial
derivative conversion financial
open-market sale financial
Amended and Restated Certificate of Incorporation regulatory
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