Hilton Grand Vacations (HGV) director logs tax withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. director and officer Mark D. Wang reported two tax-related share dispositions tied to restricted stock unit vesting. On March 5 and March 6, a total of 12,201 shares of common stock were withheld by the company to cover tax obligations.
The footnotes state that 5,522 shares and 6,679 shares were withheld in connection with the vesting of 18,050 and 14,924 restricted stock units, respectively. After these tax-withholding dispositions, Wang directly holds 830,785 shares of Hilton Grand Vacations common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wang Mark D
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,522 | $43.54 | $240K |
| Tax Withholding | Common Stock | 6,679 | $45.27 | $302K |
Holdings After Transaction:
Common Stock — 830,785 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 18,050 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 14,924 restricted stock units.
FAQ
What insider transaction did Mark D. Wang report for Hilton Grand Vacations (HGV)?
Mark D. Wang reported two tax-related share dispositions for Hilton Grand Vacations common stock. On March 5 and March 6, the company withheld 6,679 shares and 5,522 shares, respectively, to satisfy tax obligations arising from restricted stock unit vesting.
Were Mark D. Wang’s Hilton Grand Vacations Form 4 transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. The company withheld shares of common stock to satisfy tax requirements triggered by the vesting of restricted stock units, as indicated by transaction code F and the explanatory footnotes.