Hilton (NYSE: HLT) director granted 742 fully vested deferred share units
Rhea-AI Filing Summary
BEGLEY CHARLENE T reported acquisition or exercise transactions in this Form 4 filing.
Hilton Worldwide Holdings director Charlene T. Begley received 742 deferred share units of common stock as a fully vested award. Following this grant, she holds a total of 15,439.518 shares directly. Each deferred share unit equals one share and will be delivered upon the earlier of leaving the board, a change in control, or the second anniversary of the grant date.
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Insights
Director received a routine equity award in deferred share units, with no cash transaction.
Hilton Worldwide Holdings Inc. granted director Charlene T. Begley 742 deferred share units of common stock as fully vested equity compensation. These units are awarded under the Hilton Amended and Restated 2017 Omnibus Incentive Plan and represent one share of common stock per unit.
The filing shows this as an acquisition via grant (code A) at a price of $0.0000, indicating a compensation award rather than an open-market purchase. After the grant, Begley directly holds 15,439.518 shares, suggesting the award is modest relative to her existing position.
The units will settle in actual shares at the earliest of ending service as a director, a change in control of Hilton, or the second anniversary of the grant date. This timing feature aligns director incentives with longer-term company outcomes without immediate share issuance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 742 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents deferred share units of the Issuer awarded pursuant to the Hilton Amended and Restated 2017 Omnibus Incentive Plan. Each deferred share unit represents one share of Issuer common stock and is fully vested. The underlying shares will be issued to the reporting person upon the earliest to occur of a (i) termination of service as a director, (ii) a change in control of the Issuer, and (iii) the second anniversary of the grant date.
Key Figures
Key Terms
Hilton Amended and Restated 2017 Omnibus Incentive Plan financial
change in control financial
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