Dividend equivalents boost Hilton (NYSE: HLT) director’s share units

Rhea-AI Filing Summary

Hilton Worldwide Holdings director Elizabeth A. Smith received an automatic grant of 8.446 common stock equivalent rights as a dividend-related award on deferred share units. After this small, compensation-related acquisition, she now directly holds a total of 23,325.475 shares of Hilton common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SMITH ELIZABETH A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8.446	$0.00	--

Holdings After Transaction: Common Stock — 23,325.475 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 8.446 shares Shares held after transaction: 23,325.475 shares Transaction price per share: $0.0000 per share

3 metrics

Dividend equivalent rights granted 8.446 shares Grant of dividend equivalent rights on deferred share units

Shares held after transaction 23,325.475 shares Total direct Hilton common stock holdings after Form 4 grant

Transaction price per share $0.0000 per share Non-cash, compensation-related grant

Key Terms

dividend equivalent rights, deferred share units, grant, award, or other acquisition

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights in connection with the Issuer's quarterly dividend"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

deferred share units financial

"accrued to the reporting person on deferred share units"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:33 PM Accepted by SEC EDGAR 07/01/2026 - 04:32 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMITH ELIZABETH A

(Last) (First) (Middle)

7930 JONES BRANCH DRIVE

(Street)

MCLEAN VIRGINIA 22102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Hilton Worldwide Holdings Inc. [ HLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		8.446(1)	A	$0	23,325.475	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the reporting person on deferred share units.

Remarks:

	/s/ James O. Smith, Attorney-in-Fact	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Hilton (HLT) director Elizabeth A. Smith report in this Form 4?

Elizabeth A. Smith reported receiving 8.446 dividend equivalent rights tied to Hilton common stock. These accrued automatically on her deferred share units in connection with Hilton’s quarterly dividend, reflecting routine director compensation rather than an open-market stock purchase or sale.

How many Hilton (HLT) shares does Elizabeth A. Smith hold after this transaction?

After the grant, Elizabeth A. Smith directly holds 23,325.475 Hilton common shares. This updated figure includes the additional 8.446 dividend equivalent rights credited on deferred share units related to the company’s quarterly dividend distribution.

Was this Hilton (HLT) Form 4 a stock purchase or sale by Elizabeth A. Smith?

No, this Form 4 does not show a market purchase or sale. It reports a grant of 8.446 dividend equivalent rights on deferred share units, categorized as a grant, award, or other acquisition under Hilton’s compensation arrangements for the director.

What are dividend equivalent rights mentioned in Hilton (HLT) director’s Form 4?

Dividend equivalent rights are additional share-based credits tied to cash dividends. For Hilton, they accrued to Elizabeth A. Smith on her deferred share units when the company paid its quarterly dividend, increasing her share-based holdings without a cash transaction in the market.

Does this Hilton (HLT) insider transaction suggest a change in sentiment by the director?

This filing reflects a small, automatic grant of 8.446 dividend equivalent rights, not a discretionary trade. It is a routine feature of Hilton’s deferred share unit compensation and does not indicate an active decision to buy or sell Hilton stock in the open market.