Hyatt Hotels (H) director reports Class B ownership changes
Rhea-AI Filing Summary
Hyatt Hotels Corp insider Thomas J. Pritzker, Executive Chairman, director and member of a 10% owner group, reported changes in his beneficial ownership of Class B Common Stock as of 01/01/2026 on a Form 4 filing. The filing notes that each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock and also converts automatically to Class A upon most transfers. A transaction dated 01/01/2026 with transaction code "G" involved 7,857,587 derivative securities tied to 7,857,587 shares of Class A Common Stock at a price of $0, after which 9,474,171 such derivative securities were beneficially owned indirectly. The filing also details additional direct and indirect holdings through several limited liability companies and trusts, including positions referencing 50,963 and 11,338,027 underlying shares of Class A Common Stock, and explains that Pritzker may be deemed to beneficially own these interests while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
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FAQ
What insider activity at Hyatt Hotels Corp (H) is reported in this Form 4?
The Form 4 reports that Thomas J. Pritzker, Executive Chairman, director and member of a 10% owner group, recorded changes in his beneficial ownership of Class B Common Stock, including a 01/01/2026 transaction and updated direct and indirect holdings linked to Class A Common Stock.
When did the earliest reported transaction for Thomas J. Pritzker occur?
The earliest reported transaction in this filing occurred on 01/01/2026, as shown in the transaction date field and referenced in the explanation of responses regarding transfers involving certain trusts.
How are Hyatt Hotels Corp Class B shares treated in relation to Class A shares?
The filing explains that 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, and that each Class B share will also convert automatically into one Class A share upon any transfer, except for certain permitted transfers described in the company’s Amended and Restated Certificate of Incorporation.
What was the size of the Class B-related transaction reported on 01/01/2026?
The 01/01/2026 transaction, coded "G" in the form, involved 7,857,587 derivative securities related to 7,857,587 shares of Class A Common Stock at a stated price of $0, with 9,474,171 such derivative securities beneficially owned indirectly after the transaction.
What other significant indirect holdings are reported for Thomas J. Pritzker?
The filing lists indirect holdings of Class B Common Stock through entities such as 1902 Capital, LLC and THHC, L.L.C., with amounts tied to 11,338,027 shares of Class A Common Stock, as well as smaller positions of 3,413 and 5,971 shares (two separate entries) held through various investment LLCs associated with trusts.
How does Thomas J. Pritzker describe his beneficial ownership of these Hyatt shares?
The remarks state that the Reporting Person "disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein," and that he may be deemed part of a group due to voting agreements and transfer limitations on Class A and Class B Common Stock.