JNP 2010-PG Trust 4
4 · Hyatt Hotels Corp · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Hyatt (H) JNP 2010-PG Trust Sells 213,434 Shares
What Happened
- JNP 2010-PG Trust (a reporting trust and member of a 10% owner group) converted 213,434 shares of Class B common stock into Class A common stock and sold those 213,434 Class A shares in an open-market sale on 2026-04-17. The sale price was $167.75 per share, generating proceeds of approximately $35,803,554. The conversion itself produced no cash proceeds (conversion is automatic/zero-dollar).
Key Details
- Transaction date: 2026-04-17; Filing date: 2026-04-21 (filed 4 days after the trade).
- Sale: 213,434 shares at $167.75; gross proceeds ≈ $35,803,554.
- Conversion: 213,434 Class B shares converted into Class A shares per the issuer's charter (automatic/holder option conversion rules noted in footnotes F1/F2).
- Beneficial ownership after the transaction: not specified in the excerpt of this filing (see full Form 4 for post-transaction holdings).
- Notable footnotes/remarks: Reporting person is a trust with Robin Road Trust Company LLC as trustee (trustee has investment power). The trust is part of a 10% owner group and disclaims beneficial ownership except for pecuniary interest; voting agreements and transfer limitations are referenced.
- Timeliness: Filing occurred several days after the trade; Form 4s are generally due within two business days — review the full filing for any timeliness explanation.
Context
- This was a sale of newly converted Class A shares (conversion + immediate sale), not a purchase — sales are often routine liquidity or structural transactions and do not by themselves signal management intent. Because the reporting entity is part of a 10% owner group and not an individual officer, this is institutional-level activity; interpret accordingly and consult the full Form 4 and any Schedule 13D/G for broader ownership context.
Insider Transaction Report
Form 4
JNP 2010-PG Trust
Other
Transactions
- Conversion
Class A Common Stock
[F1]2026-04-17+213,434→ 213,434 total - Sale
Class A Common Stock
2026-04-17$167.75/sh−213,434$35,803,554→ 0 total - Conversion
Class B Common Stock
[F1][F2]2026-04-17−213,434→ 853,736 total→ Class A Common Stock (213,434 underlying)
Footnotes (2)
- [F1]In accordance with the Issuer's Amended and Restated Certificate of Incorporation, the shares of Class B Common Stock reported by the Reporting Person on Table II of this Form 4 automatically converted into shares of Class A Common Stock in connection with the sale reported by the Reporting Person in Table I of this Form 4.
- [F2]As provided in the Issuer's Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.
Signature
/s/ Mary F. Falcon, President of Trustee|2026-04-21