[Form 4] Hyatt Hotels Corporation Insider Trading Activity
Belleview Trust (OR #37) JNP, with Maroon Private Trust Company, LLC serving as trustee, reported a Section 16 transaction for Hyatt Hotels Corp (H). The Form 4 records a reported transaction dated 08/13/2025 showing 8,738 shares related to the company's dual-class structure. The filing shows a transaction code of G and reports $0 as the transaction price. The form includes an explicit explanation that each share of Class B Common Stock converts into one share of Class A Common Stock at the holder's option or automatically upon most transfers, and clarifies the trustee has investment power while the beneficiary does not. The reporting person disclaims beneficial ownership except to the extent of its pecuniary interest and notes membership in a 10% owner group. The form is signed by Derek Arend, President of Trustee, dated 08/15/2025.
Belleview Trust (OR #37) JNP, con Maroon Private Trust Company, LLC in qualità di trustee, ha comunicato una transazione ai sensi della Sezione 16 relativa a Hyatt Hotels Corp (H). Il Modulo 4 riporta una transazione datata 08/13/2025 per 8.738 azioni legate alla struttura a doppia classe della società. La registrazione indica il codice transazione G e un prezzo dichiarato di $0. Il modulo specifica che ogni azione di Class B Common Stock è convertibile in un’azione di Class A Common Stock a discrezione del detentore o automaticamente nella maggior parte dei trasferimenti, e precisa che il trustee detiene il potere di investimento mentre il beneficiario non lo ha. La persona che effettua la segnalazione rinuncia alla titolarità beneficiaria salvo per l’interesse pecuniario e segnala l’appartenenza a un gruppo proprietario al 10%. Il modulo è firmato da Derek Arend, Presidente del Trustee, in data 08/15/2025.
Belleview Trust (OR #37) JNP, con Maroon Private Trust Company, LLC como fiduciario, informó una operación bajo la Sección 16 referente a Hyatt Hotels Corp (H). El Formulario 4 registra una transacción fechada 08/13/2025 por 8.738 acciones relacionadas con la estructura de clases duales de la compañía. La presentación muestra el código de transacción G y reporta un precio de $0. El formulario aclara que cada acción de Class B Common Stock se convierte en una acción de Class A Common Stock a opción del titular o automáticamente en la mayoría de las transferencias, y precisa que el fiduciario tiene el poder de inversión mientras el beneficiario no lo tiene. La persona informante renuncia a la propiedad beneficiaria salvo en la medida de su interés pecuniario y señala pertenecer a un grupo propietario del 10%. El formulario está firmado por Derek Arend, Presidente del Trustee, con fecha 08/15/2025.
Belleview Trust (OR #37) JNP는 수탁자(trustee)로 Maroon Private Trust Company, LLC를 두고 Hyatt Hotels Corp (H)에 대한 섹션 16 거래를 보고했습니다. Form 4에는 08/13/2025자 거래로 회사의 이중 클래스 구조에 관련된 8,738주가 기재되어 있습니다. 제출서류는 거래 코드 G를 표시하며 거래 가격을 $0로 보고합니다. 서식에는 Class B 보통주가 보유자 선택에 따라 또는 대부분의 양도 시 자동으로 Class A 보통주 1주로 전환된다는 점과, 투자 권한은 수탁자가 보유하고 수익자는 투자 권한이 없음을 명시하고 있습니다. 보고인은 금전적 이익 범위를 제외하고는 실질적 소유권을 부인하며 10% 소유자 그룹 구성원임을 밝힙니다. 본 서식은 Trustee의 사장 Derek Arend가 서명했으며 날짜는 08/15/2025입니다.
Belleview Trust (OR #37) JNP, avec Maroon Private Trust Company, LLC agissant en tant que trustee, a déclaré une opération au titre de la Section 16 concernant Hyatt Hotels Corp (H). Le Formulaire 4 indique une opération datée du 08/13/2025 portant sur 8 738 actions liées à la structure à deux catégories de la société. Le dépôt affiche le code de transaction G et mentionne un prix de transaction de $0. Le formulaire précise explicitement que chaque action de Class B Common Stock se convertit en une action de Class A Common Stock à l’option du titulaire ou automatiquement lors de la plupart des transferts, et clarifie que le trustee détient le pouvoir d’investissement tandis que le bénéficiaire ne l’a pas. La personne déclarant renonce à la propriété bénéficiaire sauf dans la mesure de son intérêt pécuniaire et signale son appartenance à un groupe propriétaire de 10%. Le formulaire est signé par Derek Arend, Président du Trustee, en date du 08/15/2025.
Belleview Trust (OR #37) JNP, mit Maroon Private Trust Company, LLC als Treuhänder, meldete eine Section-16-Transaktion für Hyatt Hotels Corp (H). Das Formular 4 verzeichnet eine Transaktion vom 08/13/2025 über 8.738 Aktien im Zusammenhang mit der dualen Aktienstruktur des Unternehmens. Die Meldung weist den Transaktionscode G aus und gibt einen Transaktionspreis von $0 an. Das Formular erklärt ausdrücklich, dass jede Class-B-Stammaktie nach Wahl des Inhabers oder automatisch bei den meisten Übertragungen in eine Class-A-Stammaktie umgewandelt wird, und stellt klar, dass der Treuhänder die Anlagebefugnis hat, der Begünstigte jedoch nicht. Die meldende Person verneint wirtschaftliches Eigentum, soweit nicht ihr pecuniäres Interesse betroffen ist, und weist auf die Mitgliedschaft in einer 10%-Eigentümergruppe hin. Das Formular ist von Derek Arend, Präsident des Trustees, unterzeichnet und datiert auf 08/15/2025.
- Clear disclosure of trustee investment power and the reporting person’s pecuniary-interest disclaimer
- Explicit explanation of the issuer's dual-class conversion mechanics for Class B into Class A shares
- Timely filing with signature dated 08/15/2025 documenting the 08/13/2025 transaction
- Reporting person is part of a 10% owner group, indicating concentrated ownership which may be material to control considerations
Insights
TL;DR: A trustee-filed Form 4 reports a zero-price 8,738-share report tied to convertible Class B shares and clarifies trust investment power.
The filing documents a non-derivative transaction dated 08/13/2025 involving 8,738 shares and transaction code G. The disclosure emphasizes the issuer's dual-class conversion feature and clarifies that Maroon Private Trust Company, LLC holds investment power as trustee for Belleview Trust. The reporting person disclaims beneficial ownership except for pecuniary interest and indicates membership in a 10% owner group. This is a routine insider reporting of ownership/control housekeeping rather than an earnings or corporate-action disclosure. The zero-dollar price and conversion explanation are stated explicitly in the filing.
TL;DR: Governance disclosure clarifies voting/transfer arrangements and trustee authority for a 10% owner-group trust.
The Form 4 provides clarity on the trust structure and the treatment of dual-class shares by restating that each Class B share converts into one Class A share and that certain transfers trigger conversion. It documents that Maroon Private Trust Company, LLC serves as trustee with investment power, while the beneficiary lacks investment power. The filing also discloses potential group affiliation, which is material for understanding control aggregation. These are material governance facts but do not, by themselves, change operational or financial outlooks.
Belleview Trust (OR #37) JNP, con Maroon Private Trust Company, LLC in qualità di trustee, ha comunicato una transazione ai sensi della Sezione 16 relativa a Hyatt Hotels Corp (H). Il Modulo 4 riporta una transazione datata 08/13/2025 per 8.738 azioni legate alla struttura a doppia classe della società. La registrazione indica il codice transazione G e un prezzo dichiarato di $0. Il modulo specifica che ogni azione di Class B Common Stock è convertibile in un’azione di Class A Common Stock a discrezione del detentore o automaticamente nella maggior parte dei trasferimenti, e precisa che il trustee detiene il potere di investimento mentre il beneficiario non lo ha. La persona che effettua la segnalazione rinuncia alla titolarità beneficiaria salvo per l’interesse pecuniario e segnala l’appartenenza a un gruppo proprietario al 10%. Il modulo è firmato da Derek Arend, Presidente del Trustee, in data 08/15/2025.
Belleview Trust (OR #37) JNP, con Maroon Private Trust Company, LLC como fiduciario, informó una operación bajo la Sección 16 referente a Hyatt Hotels Corp (H). El Formulario 4 registra una transacción fechada 08/13/2025 por 8.738 acciones relacionadas con la estructura de clases duales de la compañía. La presentación muestra el código de transacción G y reporta un precio de $0. El formulario aclara que cada acción de Class B Common Stock se convierte en una acción de Class A Common Stock a opción del titular o automáticamente en la mayoría de las transferencias, y precisa que el fiduciario tiene el poder de inversión mientras el beneficiario no lo tiene. La persona informante renuncia a la propiedad beneficiaria salvo en la medida de su interés pecuniario y señala pertenecer a un grupo propietario del 10%. El formulario está firmado por Derek Arend, Presidente del Trustee, con fecha 08/15/2025.
Belleview Trust (OR #37) JNP는 수탁자(trustee)로 Maroon Private Trust Company, LLC를 두고 Hyatt Hotels Corp (H)에 대한 섹션 16 거래를 보고했습니다. Form 4에는 08/13/2025자 거래로 회사의 이중 클래스 구조에 관련된 8,738주가 기재되어 있습니다. 제출서류는 거래 코드 G를 표시하며 거래 가격을 $0로 보고합니다. 서식에는 Class B 보통주가 보유자 선택에 따라 또는 대부분의 양도 시 자동으로 Class A 보통주 1주로 전환된다는 점과, 투자 권한은 수탁자가 보유하고 수익자는 투자 권한이 없음을 명시하고 있습니다. 보고인은 금전적 이익 범위를 제외하고는 실질적 소유권을 부인하며 10% 소유자 그룹 구성원임을 밝힙니다. 본 서식은 Trustee의 사장 Derek Arend가 서명했으며 날짜는 08/15/2025입니다.
Belleview Trust (OR #37) JNP, avec Maroon Private Trust Company, LLC agissant en tant que trustee, a déclaré une opération au titre de la Section 16 concernant Hyatt Hotels Corp (H). Le Formulaire 4 indique une opération datée du 08/13/2025 portant sur 8 738 actions liées à la structure à deux catégories de la société. Le dépôt affiche le code de transaction G et mentionne un prix de transaction de $0. Le formulaire précise explicitement que chaque action de Class B Common Stock se convertit en une action de Class A Common Stock à l’option du titulaire ou automatiquement lors de la plupart des transferts, et clarifie que le trustee détient le pouvoir d’investissement tandis que le bénéficiaire ne l’a pas. La personne déclarant renonce à la propriété bénéficiaire sauf dans la mesure de son intérêt pécuniaire et signale son appartenance à un groupe propriétaire de 10%. Le formulaire est signé par Derek Arend, Président du Trustee, en date du 08/15/2025.
Belleview Trust (OR #37) JNP, mit Maroon Private Trust Company, LLC als Treuhänder, meldete eine Section-16-Transaktion für Hyatt Hotels Corp (H). Das Formular 4 verzeichnet eine Transaktion vom 08/13/2025 über 8.738 Aktien im Zusammenhang mit der dualen Aktienstruktur des Unternehmens. Die Meldung weist den Transaktionscode G aus und gibt einen Transaktionspreis von $0 an. Das Formular erklärt ausdrücklich, dass jede Class-B-Stammaktie nach Wahl des Inhabers oder automatisch bei den meisten Übertragungen in eine Class-A-Stammaktie umgewandelt wird, und stellt klar, dass der Treuhänder die Anlagebefugnis hat, der Begünstigte jedoch nicht. Die meldende Person verneint wirtschaftliches Eigentum, soweit nicht ihr pecuniäres Interesse betroffen ist, und weist auf die Mitgliedschaft in einer 10%-Eigentümergruppe hin. Das Formular ist von Derek Arend, Präsident des Trustees, unterzeichnet und datiert auf 08/15/2025.
FAQ
What transaction was reported on the Hyatt (H) Form 4?
Who is the reporting person on this Form 4 for Hyatt (H)?
Does the filing explain the Class B to Class A share treatment?
Does the trustee or beneficiary hold investment power over the reported shares?
Is the reporting person affiliated with a larger ownership group?
