Hilton Grand Vacations (HGV) officer reports tax-withholding share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Grand Vacations Inc. officer Carlos Hernandez had common stock withheld to cover taxes on vesting stock awards. On March 6, 368 shares of common stock were disposed of at $43.54 per share through a tax-withholding disposition, leaving 12,135 shares held directly.
On March 5, an additional 462 shares were disposed of at $45.27 per share, leaving 12,503 shares directly owned after that transaction. Footnotes state these shares were withheld by the company to satisfy tax withholding requirements tied to the vesting of 1,173 and 935 restricted stock units, rather than sold in open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hernandez Carlos
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 368 | $43.54 | $16K |
| Tax Withholding | Common Stock | 462 | $45.27 | $21K |
Holdings After Transaction:
Common Stock — 12,135 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 1,173 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 935 restricted stock units.
FAQ
What did HGV officer Carlos Hernandez report in this Form 4?
Carlos Hernandez reported two tax-related share dispositions. Shares of Hilton Grand Vacations common stock were withheld by the company to cover tax obligations arising from the vesting of restricted stock units, rather than being sold in open-market transactions.
Were the HGV transactions open-market sales by Carlos Hernandez?
No, they were not open-market sales. The Form 4 identifies both transactions as tax-withholding dispositions, where Hilton Grand Vacations withheld shares to satisfy tax liabilities from vesting restricted stock units, rather than Hernandez choosing to sell shares in the market.