Benjamin T. Pritzker Family Trust Reports Gift of 7,894 Hyatt Class B Shares
Rhea-AI Filing Summary
Benjamin T. Pritzker Family Trust, with Maroon Private Trust Company, LLC as trustee, reported a Section 16 filing for Hyatt Hotels Corporation (H). The form discloses a transaction dated 08/13/2025 coded G (gift) involving 7,894 shares of Class B Common Stock. The Form shows $0 price and indicates 0 shares owned following the reported transaction on a direct basis. The filing explains Class B shares are convertible into Class A shares at the holder's option and convert automatically upon most transfers. Maroon Private Trust Company disclaims beneficial ownership except for pecuniary interest and notes the Reporting Person may be part of a group due to voting agreements.
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Insights
TL;DR: A trustee-filed gift of 7,894 Class B shares was reported; the transaction appears routine and contains standard trust and convertibility disclosures.
The Form 4 documents a Code G (gift) transfer of 7,894 Class B Common Stock on 08/13/2025, reported by the Benjamin T. Pritzker Family Trust via Maroon Private Trust Company, LLC. The filing shows $0 consideration and reports 0 direct shares owned after the transaction. The disclosure reiterates Class B-to-Class A convertibility and trustee investment power, and includes a disclaimer of beneficial ownership except for pecuniary interest. From a market-impact perspective, the amount reported is small relative to typical public float and the filing is procedural.
TL;DR: Filing clarifies trustee role and conversion mechanics; contains standard group/voting agreement disclosure without material governance red flags.
The filing provides explicit remarks that Maroon Private Trust Company serves as trustee and holds investment power, while the beneficiary lacks investment power. It also states the Reporting Person may be part of a group due to voting agreements and transfer limitations. These are customary governance disclosures in trust-held holdings and clarify potential joint action but do not by themselves indicate a change in control or a material governance event.