Hilton Grand Vacations (HGV) officer logs tax-related stock withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. officer Gordon Gurnik reported two tax-related share dispositions. On March 5 and March 6, the company withheld 2,479 and 2,169 shares of common stock, respectively, at prices of $45.27 and $43.54 per share to cover tax obligations on vesting restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GURNIK GORDON
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,169 | $43.54 | $94K |
| Tax Withholding | Common Stock | 2,479 | $45.27 | $112K |
Holdings After Transaction:
Common Stock — 202,175 shares (Direct)
Footnotes (1)
- Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of an aggregate of 6,299 restricted stock units. Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of an aggregate of 5,512 restricted stock units.
FAQ
What insider transaction did HGV officer Gordon Gurnik report?
Gordon Gurnik reported tax-related dispositions of Hilton Grand Vacations common stock. The company withheld shares on two dates to satisfy tax withholding obligations tied to vesting restricted stock units, rather than open-market sales initiated for investment purposes.
Were Gordon Gurnik’s HGV transactions open-market sales?
No, the transactions were not open-market sales. The filing describes them as tax-withholding dispositions, where Hilton Grand Vacations retained shares upon vesting of restricted stock units to meet income tax obligations owed by the reporting officer.
How many restricted stock units vested for the HGV officer?
Footnotes state that 6,299 restricted stock units vested in one instance and 5,512 in another. A portion of the resulting Hilton Grand Vacations common shares was withheld to cover tax liabilities associated with these vesting events.