Hyatt Hotels Corp 4
4 · Hyatt Hotels Corp · Filed Mar 27, 2015
Insider Transaction Report
Form 4
Webb Robert W.K.
Chief Human Resources Officer
Transactions
- Award
Restricted Stock Units
2015-03-25+4,146→ 4,146 total→ Class A Common Stock (4,146 underlying) - Award
Class A Common Stock
2015-03-25+8,292→ 38,692 total - Award
Stock Appreciation Rights
2015-03-25+11,304→ 11,304 totalExercise: $56.27Exp: 2025-03-25→ Class A Common Stock (11,304 underlying)
Footnotes (4)
- [F1]Represents 8,292 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, 2017, 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, at settlement, 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, 2016. The RSUs will be settled in shares of 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, 2016.