Sears Peter 4

What Happened

• Peter Sears, Executive Vice President & Group President – Americas at Hyatt (H), had 2,655 restricted stock units (RSUs) settle into shares on 2026-03-16. To cover tax withholding, 1,005 of those shares were surrendered at $141.33 per share, generating approximately $142,037 in tax withholding. The net shares issued to him after withholding were 1,650.
• The Form 4 shows the settlement/conversion of RSU derivatives (reporting code M) and the share disposals for tax withholding (reporting code F). Some derivative lines show $0 value reflecting conversion/cancellation of the RSU units on settlement.

Key Details

• Transaction date: 2026-03-16; Form filed: 2026-03-18 (timely filing).
• Gross shares settled: 2,655 RSUs converted to shares (710 + 637 + 572 + 736).
• Shares withheld for taxes: 1,005 (193 + 261 + 241 + 310) at $141.33/share = $142,037 total withheld.
• Net shares issued to insider: 1,650 shares (2,655 − 1,005).
• Footnote: Each RSU equals the contingent right to one share on settlement; this filing represents settlement of vested RSUs.
• This was a sell-to-cover/tax withholding transaction (routine), not an open-market sale or a purchase.
• Shares owned after the transaction: not specified in the provided excerpt.

Context

• This is a routine RSU vesting and tax-withholding event—common compensation-related activity. It does not indicate an open-market sale of shares for investment reasons. The “M” code reflects conversion/exercise of a derivative (here, RSUs settling into stock); the “F” code reflects shares surrendered to pay tax withholding.