Hyatt Hotels (H) 10% owner trust reports 496,237-share gift transfer
Rhea-AI Filing Summary
A trust that is a member of a 10% owner group of Hyatt Hotels Corporation reported a disposition of 496,237 derivative securities linked to Class B and Class A common stock in a bona fide gift transaction on January 1, 2026. Following this transaction, the trust reported owning 0 derivative securities directly. Each share of Class B common stock is convertible at any time into one share of Class A common stock and generally converts automatically upon transfer, except for certain permitted transfers described in the company’s charter. Maroon Private Trust Company, LLC serves as trustee with investment power over the shares, while the beneficiaries do not have investment power, and the reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
FAQ
What insider transaction involving Hyatt Hotels (H) is being reported?
The filing reports that a trust associated with a 10% owner of Hyatt Hotels Corporation disposed of 496,237 derivative securities tied to Class B and Class A common stock in a bona fide gift transaction dated January 1, 2026.
How many Hyatt Hotels shares were affected in this Form 4 transaction?
The transaction involved 496,237 derivative securities, with 496,237 shares of Class B common stock and 496,237 shares of Class A common stock listed as the underlying securities.
What was the price and nature of the Hyatt Hotels (H) insider transaction?
The transaction is coded G, indicating a bona fide gift, and the reported price is $0, consistent with a non-cash transfer rather than an open-market sale.
What is the relationship of the reporting person to Hyatt Hotels (H)?
The reporting person is described as a member of a 10% owner group. Maroon Private Trust Company, LLC acts as trustee with investment power over the reported shares, and the filing notes that the reporting person is part of a group under certain voting agreements and transfer limitations.
How are Hyatt Hotels Class B shares treated relative to Class A shares?
According to the disclosure, 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 will generally convert automatically into Class A upon transfer, except for certain permitted transfers defined in the company’s charter.
Who controls investment decisions for the reported Hyatt Hotels (H) shares?
Maroon Private Trust Company, LLC serves as trustee and has investment power over the shares beneficially owned by the reporting person. The beneficiaries do not have investment power, and the reporting person disclaims beneficial ownership except for its pecuniary interest.