Udell David 4

What Happened

David Udell, Executive Vice President and Group President — ASPAC of Hyatt Hotels Corporation, was issued 3,300 shares on May 20, 2026 as the result of vested performance share units. The Form 4 lists the transaction as an award/acquisition (code A) with a reported price of $0.00 (i.e., shares issued on vesting rather than a market purchase). The underlying PSUs were originally granted on May 21, 2025 under Hyatt’s Fifth Amended and Restated Long-Term Incentive Plan (LTIP) and vested upon attainment of specified performance goals.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely filing)
• Transaction type/code: Award/Grant (A)
• Shares issued: 3,300; reported price per share: $0.00 (award issuance)
• Footnote: Shares represent PSUs granted 5/21/2025 under the LTIP that vested when performance goals were met
• Shares owned after transaction: not specified on the filing
• No sale or open‑market purchase reported — this is compensation, not investment activity

Context

Performance share unit vestings are a common form of long‑term executive compensation and reflect contractually earned equity rather than a purchase or sale decision. Such awards can dilute existing shareholders slightly but do not necessarily signal management buying or selling intent.