JNP Parachute Mirror Trust K 4
4 · Hyatt Hotels Corp · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Hyatt (H) JNP Parachute Mirror Trust (10% Owner) Sells 35,573 Shares
What Happened
JNP Parachute Mirror Trust K (a member of a 10% owner group; Robin Road Trust Company LLC is trustee) sold 35,573 shares of Hyatt Hotels Corp. on April 17, 2026. The shares were sold in an open-market transaction at $167.75 per share for total proceeds of $5,967,371. The sale followed conversion of Class B common stock into Class A common stock, as required/allowed under the issuer’s charter.
Key Details
- Transaction date: 2026-04-17. Sale price: $167.75; proceeds: $5,967,371.
- Related derivative activity: 35,573 Class B shares converted to Class A (conversion recorded; conversion/disposal reported at $0 for the derivative line).
- Footnotes: Filing notes automatic conversion of Class B to Class A on transfer (and that Class B are convertible 1:1 into Class A); trust disclaims beneficial ownership except to extent of pecuniary interest.
- Shares owned after transaction: not specified in the filing excerpt provided.
- No indication in this filing excerpt that the transaction was part of a 10b5-1 plan or that the Form 4 was late.
Context
This was a sale (liquidation of 35,573 shares) rather than a purchase or option exercise. The conversion of Class B to Class A was a structural step tied to the transfer/sale (per the company’s charter), not a cash purchase — the conversion simply enabled the open-market sale of the resulting Class A shares. As a member of a 10% owner group and a trust with a trustee holding investment power, this filing reflects institutional/trust-level activity rather than an individual executive trade.
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-04-17+35,573→ 35,573 total - Sale
Class A Common Stock
2026-04-17$167.75/sh−35,573$5,967,371→ 0 total - Conversion
Class B Common Stock
[F1][F2]2026-04-17−35,573→ 142,292 total→ Class A Common Stock (35,573 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.