Hilton (HLT) CFO Kevin Jacobs Receives Stock Awards
$HLT · Hilton Worldwide Holdings Inc.Research Summary
AI-generated summary of this SEC filing
Hilton (HLT) CFO Kevin Jacobs Receives Stock Awards
What Happened
Kevin J. Jacobs, Executive Vice President and Chief Financial Officer of Hilton Worldwide Holdings (HLT), was granted/acquired a total of 47,389 shares on February 25, 2026. The filing shows three award entries: 25,898 shares, 5,704 shares, and 15,787 shares; each reported with an acquisition price of $0.00 (typical for vested awards/grants).
Key Details
- Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely filing).
- Reported entries: 25,898 shares (A), 5,704 shares (A), 15,787 shares (A, derivative). Total = 47,389 shares.
- Price: $0.00 reported for each entry (common for vested awards or granted units, not an open-market purchase).
- Footnotes:
- F1: 25,898 shares were earned from previously granted performance-based units and fully vested on Feb 25, 2026 after certification by the compensation committee.
- F2: 5,704 are restricted stock units issued under the Hilton 2017 Omnibus Incentive Plan that vest in two equal annual installments beginning Mar 3, 2027 (a grant, not immediate free stock).
- F3: Reflects indirect ownership via a family trust for which the reporting person’s spouse is trustee.
- F4: Indicates an option vesting schedule (option vests in three equal annual installments beginning Mar 3, 2027) related to the derivative entry.
- Shares owned after the transactions are not specified in the provided filing excerpt.
Context
These entries are compensation-related awards and vesting events—not open-market purchases or sales. An acquisition price of $0.00 on Form 4 is standard for shares issued at vesting/grant and does not imply a cash purchase. For investors, such insider awards reflect executive compensation rather than a direct bullish or bearish trade signal.