Hilton Grand Vacations (NYSE: HGV) withholds 3,919 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. reported that officer Gordon Gurnik had 3,919 shares of common stock withheld on tax-withholding disposition at $44.64 per share. According to the footnote, these shares were withheld by the company to cover taxes on the vesting of 9,959 restricted stock units, and Gurnik now holds 206,823 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GURNIK GORDON
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,919 | $44.64 | $175K |
Holdings After Transaction:
Common Stock — 206,823 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hilton Grand Vacations (HGV) report for Gordon Gurnik?
Hilton Grand Vacations reported a tax-withholding disposition by Gordon Gurnik. The company withheld 3,919 common shares at $44.64 per share to satisfy tax obligations tied to the vesting of 9,959 restricted stock units, leaving him with 206,823 directly held shares.
What is the purpose of the Hilton Grand Vacations (HGV) tax-withholding disposition reported?
The purpose of the disposition was to satisfy tax withholding requirements. Hilton Grand Vacations withheld 3,919 common shares from Gordon Gurnik in connection with the vesting of 9,959 restricted stock units, instead of requiring a separate cash payment for the associated tax liability.