Hilton Grand Vacations (HGV) officer reports equity award settlements
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. officer Charles R. Corbin Jr. reported equity compensation-related transactions in common stock. On February 20, 2026, he acquired 5,506 and 26,635 shares through settlement of performance share units earned under the company’s omnibus incentive plans, following the compensation committee’s determination of performance results.
In connection with these settlements, the issuer withheld 1,431 and 8,217 shares at $48.54 per share to cover tax withholding obligations, described as tax-withholding dispositions rather than open-market sales. After these transactions, Corbin’s directly held common stock positions were updated as reflected in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Corbin Charles R. Jr.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 5,506 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,431 | $48.54 | $69K |
| Exercise | Common Stock | 26,635 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,217 | $48.54 | $399K |
Holdings After Transaction:
Common Stock — 65,776 shares (Direct)
Footnotes (1)
- Represents shares of common stock earned in connection with the settlement of performance share units previously granted pursuant to the Hilton Grand Vacations Inc. 2017 Omnibus Incentive Plan for the performance period commencing on January 1, 2023 and ending on December 31, 2025. Such shares were earned based on the determination of the Issuer's Compensation Committee as to the satisfaction of the applicable performance metrics. Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the issuance of share of common stock in settlement of performance share units described in footnote (1) above. Represents shares of common stock earned in connection with the settlement of performance share units previously granted pursuant to the Hilton Grand Vacations Inc. 2023 Omnibus Incentive Plan for the performance period commencing on January 17, 2024 and ending on December 31, 2025. Such shares were earned based on the determination of the Issuer's Compensation Committee as to the satisfaction of the applicable performance metrics. Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the issuance of share of common stock in settlement of performance share units described in footnote (3) above.
FAQ
What insider transactions did HGV officer Charles R. Corbin Jr. report?
Charles R. Corbin Jr. reported settlement of performance share units into common stock and related tax-withholding dispositions. He acquired 5,506 and 26,635 shares via derivative exercises, while 1,431 and 8,217 shares were withheld by Hilton Grand Vacations to satisfy tax obligations.
Were the HGV Form 4 transactions open-market buys or sells?
The Form 4 shows no open-market buys or sells. Shares were acquired through exercise or conversion of performance share units, and shares were disposed of only through issuer withholding to cover tax liabilities associated with those equity awards, at a price of $48.54 per share.
Who determined that the Hilton Grand Vacations performance goals were met?
The issuer’s compensation committee determined that applicable performance metrics were satisfied for the relevant performance periods. Based on this determination, the performance share units converted into Hilton Grand Vacations common stock in the amounts reported in the Form 4 for the company officer.