Hilton Grand Vacations (NYSE: HGV) RSU vesting leads to tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. officer Dusty Tonkin reported a compensation-related share withholding. On the vesting of 4,902 restricted stock units, the issuer withheld 1,929 shares of common stock at $40.46 per share to cover tax obligations. Following this tax-withholding disposition, Tonkin directly holds 95,320 shares of Hilton Grand Vacations common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tonkin Dusty
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,929 | $40.46 | $78K |
Holdings After Transaction:
Common Stock — 95,320 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,929 shares
Withholding price per share: $40.46 per share
RSUs vested: 4,902 units
+1 more
4 metrics
Shares withheld for taxes
1,929 shares
Common stock withheld to satisfy tax obligations on RSU vesting
Withholding price per share
$40.46 per share
Value used for withheld common shares
RSUs vested
4,902 units
Restricted stock units vesting that triggered tax withholding
Shares held after transaction
95,320 shares
Total direct holdings of common stock following transaction
Key Terms
restricted stock units, tax withholding requirements, Form 4, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with the vesting of an aggregate of 4,902 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"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Hilton Grand Vacations (HGV) report for Dusty Tonkin?
Hilton Grand Vacations reported that officer Dusty Tonkin had 1,929 common shares withheld to satisfy taxes on vesting RSUs. This was a tax-withholding disposition, not an open-market sale, and reflects routine handling of equity compensation obligations.
How many Hilton Grand Vacations (HGV) RSUs vested for Dusty Tonkin?
An aggregate of 4,902 restricted stock units vested for Dusty Tonkin. In connection with this vesting, the issuer withheld 1,929 common shares to cover tax withholding requirements, as disclosed in the Form 4 filing and its accompanying footnote.
What does transaction code F mean in the Hilton Grand Vacations (HGV) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Hilton Grand Vacations filing, it reflects 1,929 shares of common stock withheld to cover tax obligations on the vesting of restricted stock units for Dusty Tonkin.