HLT Form 4: Director Accrues 10.898 Dividend-Equivalent Units

Rhea-AI Filing Summary

Douglas M. Steenland, a director of Hilton Worldwide Holdings Inc. (HLT), reported a transaction dated 09/30/2025 on Form 4. The filing records the acquisition (Code V) of 10.898 dividend-equivalent units related to the issuer's quarterly dividend that accrued on deferred share units, with an acquisition price of $0. After the reported transaction the reporting person beneficially owned 28,406.045 shares (direct). The form was signed by an attorney-in-fact on 10/01/2025. The filing discloses only the dividend-equivalent accrual and does not include any option/derivative exercises, cash purchases, sales, or additional context.

Positive

• Recorded dividend-equivalent accrual of 10.898 units tied to the quarterly dividend
• Continued direct beneficial ownership of 28,406.045 shares after the transaction

Negative

• None.

Insights

Corporate Governance Analyst

Insider recorded a small dividend-equivalent accrual tied to deferred share units.

The Form 4 shows a Code V transaction dated 09/30/2025, indicating 10.898 dividend-equivalent units were credited to Director Douglas M. Steenland related to the company's quarterly dividend. This is a non-cash accrual recorded at $0 acquisition price rather than an open-market purchase or sale.

This filing mainly documents routine director compensation settling as deferred share units; the reporting person’s total direct beneficial ownership is shown as 28,406.045 shares. There are no derivative exercises, cash transactions, or other material events disclosed here.

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

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

1. Name and Address of Reporting Person^*

STEENLAND DOUGLAS M

(Last) (First) (Middle)

7930 JONES BRANCH DRIVE

(Street)

MCLEAN VA 22102

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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

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

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	09/30/2025		A		10.898(1)	A	$0	28,406.045	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/ Owen L. Wilcox, Attorney-in-Fact	10/01/2025
	** 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.

FAQ

What did Douglas M. Steenland report on the Form 4 for HLT?

He reported the acquisition (Code V) of 10.898 dividend-equivalent units related to the quarterly dividend, with an acquisition price of $0.

When was the transaction dated and when was the Form 4 signed?

The transaction date is 09/30/2025 and the Form 4 was signed by an attorney-in-fact on 10/01/2025.

How many Hilton (HLT) shares does the reporting person beneficially own after the transaction?

The Form shows beneficial ownership of 28,406.045 shares (direct) following the reported transaction.

What does transaction code V mean in this Form 4?

Code V denotes the acquisition of securities resulting from the payment of dividends or dividend equivalent rights; the filing explains these are dividend equivalent rights accrued on deferred share units.

Does the Form 4 disclose any market purchases or sales by the reporting person?

No. The filing only discloses a dividend-equivalent accrual and shows no market purchases, sales, or derivative exercises.