Hilton Grand Vacations (NYSE: HGV) reports tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. executive Daniel Jason Mathewes reported a tax-related share disposition connected to equity compensation. On the vesting of 1,453 restricted stock units, 601 shares of common stock were withheld by the company to satisfy tax withholding requirements at a price of $44.86 per share. After this non-market transaction, Mathewes directly holds 213,932 shares of Hilton Grand Vacations common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mathewes Daniel Jason
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 601 | $44.86 | $27K |
Holdings After Transaction:
Common Stock — 213,932 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 601 shares
Tax valuation price: $44.86 per share
RSUs vested: 1,453 units
+1 more
4 metrics
Shares withheld for taxes
601 shares
Tax withholding on equity vesting
Tax valuation price
$44.86 per share
Value used for withheld shares
RSUs vested
1,453 units
Restricted stock units vesting event
Shares owned after transaction
213,932 shares
Direct holdings following withholding
Key Terms
restricted stock units, tax withholding requirements, Common Stock, vesting, +1 more
5 terms
restricted stock units financial
"in connection with the vesting of an aggregate of 1,453 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"
Common Stock financial
"Represents the number of shares of common stock withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vesting financial
"to satisfy tax withholding requirements in connection with the vesting of an aggregate"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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.
FAQ
What insider transaction did HGV executive Daniel Jason Mathewes report?
Daniel Jason Mathewes reported a tax-related share disposition. The company withheld 601 Hilton Grand Vacations shares to cover tax obligations triggered by the vesting of 1,453 restricted stock units granted as equity compensation.
What triggered the tax withholding in this Hilton Grand Vacations Form 4?
The tax withholding was triggered by the vesting of 1,453 restricted stock units. When these equity awards vested, Hilton Grand Vacations withheld 601 shares to satisfy associated tax obligations for Daniel Jason Mathewes.