Hyatt Insider Trade: McMillan Trims Holdings After $132k Sale

Rhea-AI Filing Summary

Hyatt Hotels (NYSE:H) filed a Form 4 on 29 June 2025 disclosing that director Cary D. McMillan sold 1,000 Class A common shares on 20 June 2025 in multiple trades priced between $132.69 and $132.76, with a weighted-average price of $132.70 per share. Following the transaction, McMillan’s direct ownership fell from 1,498 to 498 shares, representing roughly a two-thirds reduction of his stake.

No derivative transactions were reported and the filing does not specify whether the sale was executed under a Rule 10b5-1 trading plan. The Form 4 was signed by attorney-in-fact Margaret C. Egan on 23 June 2025.

Positive

• None.

Negative

• Director insider sale: Cary D. McMillan sold 1,000 shares (~67% of his direct holdings) at ~$132.70, cutting stake to 498 shares.

Insights

Corporate Governance Analyst

1,000-share sale trims McMillan’s stake 67%; modest $133k value but meaningful relative exposure shift investors may monitor.

The Form 4 shows director Cary D. McMillan liquidated 1,000 Hyatt shares at a weighted-average $132.70, reducing his direct holdings to 498 shares. While the dollar value (~$133k) is immaterial to Hyatt’s capitalization, the sale represents a steep 66.8% reduction in the insider’s personal stake. No accompanying derivative positions or 10b5-1 plan are disclosed, indicating discretionary timing. The absence of offsetting purchases by other insiders leaves the move unmitigated. Such a sharp cut typically skews sentiment negative, though it does not impact the company’s operations or balance sheet.

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
Estimated average burden
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^*

MCMILLAN CARY D

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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	06/20/2025		S		1,000	D	$132.7(1)	498	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

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 $132.69 to $132.76, 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.

Remarks:

	Margaret C. Egan, Attorney-in-fact	06/23/2025
	** 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

How many Hyatt (H) shares did director Cary D. McMillan sell on 20 June 2025?

He sold 1,000 Class A common shares according to the Form 4.

What was the weighted-average sale price for McMillan’s Hyatt shares?

The reported weighted-average price was $132.70, with trades between $132.69 and $132.76.

How many Hyatt shares does McMillan own after the reported transaction?

Following the sale, he directly owns 498 shares of Hyatt Class A common stock.

Were any derivative securities involved in McMillan’s June 2025 trade?

No. The Form 4 lists only the sale of non-derivative common shares.

Did the filing indicate a Rule 10b5-1 trading plan for this sale?

The Form 4 does not specify that the transaction was executed under a Rule 10b5-1 plan.