Hilton Grand Vacations (HGV) executive has shares withheld for RSU tax obligations
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. executive Charles R. Corbin Jr. reported two tax-related share dispositions tied to vesting restricted stock units. On March 5, 1,879 common shares at $45.27 per share were withheld by the company to cover tax obligations from 3,562 vested RSUs. On March 6, a further 1,318 shares at $43.54 per share were withheld for taxes related to 5,077 vested RSUs. After these non-market transactions, he directly owned 75,647 common shares.
Positive
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Negative
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Insights
HGV executive had shares withheld for taxes on RSU vesting, not open-market sales.
The transactions reflect routine equity compensation mechanics. Code F and the footnotes show the company withheld 1,879 and 1,318 common shares to satisfy tax liabilities when restricted stock units vested, rather than the executive selling shares on the market.
These dispositions are effectively non-cash to the insider, as the issuer uses a portion of newly vested shares to cover withholding. After these events, Charles R. Corbin Jr. held 75,647 common shares directly, indicating he still maintains a meaningful equity stake in Hilton Grand Vacations Inc..
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,318 | $43.54 | $57K |
| Exercise Price or Tax Liability | Common Stock | 1,879 | $45.27 | $85K |
Footnotes (2)
- F1. 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 5,077 restricted stock units.
- F2. 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 3,562 restricted stock units.
FAQ
What insider transactions did HGV executive Charles R. Corbin Jr. report?
Were the recent HGV insider Form 4 transactions open-market sales?
AI-generated analysis. How Rhea-AI works. Not financial advice.