Hilton Grand Vacations (HGV) officer has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. reported that officer Daniel Jason Mathewes had 811 shares of common stock withheld on April 1, 2026 to cover tax obligations. The shares were withheld by the company in connection with the vesting of 1,961 restricted stock units, rather than sold on the open market. Following this tax-withholding disposition, Mathewes directly owned 214,533 shares of Hilton Grand Vacations common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mathewes Daniel Jason
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 811 | $40.46 | $33K |
Holdings After Transaction:
Common Stock — 214,533 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 811 shares
Withholding price per share: $40.46 per share
RSUs vested: 1,961 restricted stock units
+1 more
4 metrics
Shares withheld for taxes
811 shares
Tax-withholding disposition on April 1, 2026
Withholding price per share
$40.46 per share
Value used for 811 withheld shares
RSUs vested
1,961 restricted stock units
Equity awards vesting that triggered withholding
Shares owned after transaction
214,533 shares
Direct common stock ownership after withholding
Key Terms
restricted stock units, tax withholding requirements, Common Stock, Form 4
4 terms
restricted stock units financial
"in connection with the vesting of an aggregate of 1,961 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding requirements financial
"withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting"
Common Stock financial
"Represents the number of shares of common stock withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Hilton Grand Vacations (HGV) disclose in this Form 4?
Hilton Grand Vacations disclosed that officer Daniel Jason Mathewes had 811 common shares withheld for taxes. This occurred when 1,961 restricted stock units vested, and the issuer retained shares to satisfy tax withholding requirements rather than executing an open-market sale.
What equity award vesting triggered the Hilton Grand Vacations (HGV) tax withholding?
The tax withholding was triggered by the vesting of 1,961 restricted stock units. When these restricted stock units vested, the issuer withheld 811 common shares to cover associated tax obligations, leaving the remainder of the vested units to be settled as shares for the reporting officer.
Was the Hilton Grand Vacations (HGV) insider transaction an open-market sale?
No, the transaction was not an open-market sale. It is coded as a tax-withholding disposition, where 811 shares were withheld by the issuer to satisfy tax liabilities arising from the vesting of 1,961 restricted stock units, rather than being sold on the public market.