Hyatt EVP executes SARs at $80.46/$95.06, ends with 7,000 shares

Rhea-AI Filing Summary

Hyatt Hotels Corp (H) reported insider transactions by its Executive Vice President, Chief Commercial Officer. On 11/11/2025, the officer exercised stock appreciation rights for 4,577 shares at $80.46 and 6,960 shares at $95.06 (code M), increasing directly held shares before subsequent dispositions.

The filing shows dispositions and a sale: 2,363 shares at $155.91 and 4,244 shares at $155.91 (code D), plus a sale of 4,930 shares at a $155.91 weighted average (code S). The sale price reflects trades between $155.62–$156.18. After these transactions, the officer directly owned 7,000 Class A shares. For derivatives, 0 remain from the $80.46 SAR grant (expiring 03/24/2031) and 3,482 remain from the $95.06 grant (expiring 03/24/2032).

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

VONDRASEK MARK R

(Last) (First) (Middle)

C/O HYATT HOTELS CORPORATION

150 NORTH RIVERSIDE PLAZA

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hyatt Hotels Corp [ H ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/11/2025		M		4,577	A	$80.46	11,577	D
Class A Common Stock	11/11/2025		D		2,363	D	$155.91	9,214	D
Class A Common Stock	11/11/2025		M		6,960	A	$95.06	16,174	D
Class A Common Stock	11/11/2025		D		4,244	D	$155.91	11,930	D
Class A Common Stock	11/11/2025		S		4,930	D	$155.91(1)	7,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$80.46	11/11/2025		M			4,577	(2)	03/24/2031	Class A Common Stock	4,577	$0	0	D
Stock Appreciation Rights	$95.06	11/11/2025		M			6,960	(3)	03/24/2032	Class A Common Stock	6,960	$0	3,482	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.62 to $156.18, inclusive. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. 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, 2022.

3. The stock appreciation rights issued pursuant to the LTIP vest in four equal annual installments beginning on March 16, 2023.

Remarks:

Executive Vice President, Chief Commercial Officer

	Margaret C. Egan, Attorney-in-fact	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Hyatt (H) report?

An officer exercised stock appreciation rights for 4,577 shares at $80.46 and 6,960 shares at $95.06, then disposed of and sold shares the same day.

How many Hyatt (H) shares were sold and at what price?

Sales included 4,930 shares at a weighted average price of $155.91, with trades between $155.62–$156.18.

What is the reporting person’s Hyatt (H) ownership after the transactions?

Direct ownership was 7,000 Class A shares after the reported transactions.

What Hyatt (H) derivative awards were exercised?

Stock appreciation rights with exercise prices of $80.46 (4,577 shares) and $95.06 (6,960 shares) were exercised on 11/11/2025.

How many Hyatt (H) SARs remain outstanding for the insider?

0 remain from the $80.46 grant (expires 03/24/2031) and 3,482 from the $95.06 grant (expires 03/24/2032).

What roles does the reporting person hold at Hyatt (H)?

The reporting person serves as Executive Vice President, Chief Commercial Officer.