Hilton director granted 742 deferred share units
STEENLAND DOUGLAS M reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
STEENLAND DOUGLAS M reported acquisition or exercise transactions in this Form 4 filing.
Hilton Worldwide Holdings Inc. director Douglas M. Steenland received an equity award of 742 deferred share units of common stock at no cash cost. Each unit equals one Hilton share and is fully vested, with underlying shares to be delivered after he leaves the board, a change in control, or the second anniversary of the grant date. Following this grant, he directly holds a total of 29,167.029 shares and deferred share units.
Insights
Director received a routine fully vested equity award with deferred settlement.
Director Douglas M. Steenland was granted 742 deferred share units under the Hilton Amended and Restated 2017 Omnibus Incentive Plan. These units are equity compensation, not an open-market purchase, and carry no exercise price or cash outlay.
The award is fully vested on grant but settles in shares only upon board service termination, a change in control, or the second anniversary of the grant date. After this grant, Steenland holds 29,167.029 shares and units directly, indicating the transaction is modest relative to his overall disclosed position.
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
FAQ
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What did Hilton (HLT) director Douglas M. Steenland receive in this Form 4?
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