Hyatt Hotels Corp 4
4 · Hyatt Hotels Corp · Filed Feb 18, 2014
Insider Transaction Report
Form 4
Sarna Rakesh
COO - International
Transactions
- Award
Class A Common Stock
2014-02-13+5,917→ 107,955 total - Tax Payment
Class A Common Stock
2014-02-13−1,926→ 106,029 total - Award
Restricted Stock Units
2014-02-13+10,899→ 10,899 total→ Class A Common Stock (10,899 underlying) - Award
Stock Appreciation Rights
2014-02-13+23,851→ 23,851 totalExercise: $49.39Exp: 2024-02-13→ Class A Common Stock (23,851 underlying) - Award
Class A Common Stock
2014-02-13+21,798→ 127,827 total
Footnotes (4)
- [F1]Represents 21,798 shares of restricted Class A common stock ("Restricted Stock") issued pursuant to the Second Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan (the "LTIP"). The Restricted Stock will vest following the three-year period ending December 31, 2016, subject to attainment of certain performance goals set forth in a restricted stock award agreement. The Restricted Stock is subject to certain restrictions, including restrictions on transfer, prior to vesting. The shares of Restricted Stock vest at 25% if the threshold goal is achieved, 50% if the target goal is achieved and 100% if the maximum goal is achieved or exceeded. If less than 100% of the shares of Restricted Stock vest, then those shares that do not vest will be forfeited.
- [F2]Each Restricted Stock Unit ("RSU") represents the contingent right to receive one share of Class A Common Stock.
- [F3]The RSUs issued pursuant to the LTIP vest and become payable in four equal annual installments beginning on March 16, 2015. The RSUs will be settled in Class A Common Stock upon vesting, subject to earlier settlement upon death or disability or a change of control of the Issuer.
- [F4]The stock appreciation rights issued pursuant to the LTIP vest in four equal annual installments beginning on March 16, 2015.