Sears Peter 4

What Happened

• Peter Sears, Executive Vice President and Group President – Americas at Hyatt Hotels Corp, was granted equity awards on March 19, 2026: 2,078 restricted stock units (RSUs) and 4,625 stock appreciation rights (SARs). Both awards are reported as derivative acquisitions at $0.00 (no cash purchase).

Key Details

• Transaction date: 2026-03-19; filing date: 2026-03-23 (Form 4 filed within the required two-business-day window).
• Grant details: 2,078 RSUs and 4,625 SARs; reported acquisition price $0.00; reported value at grant $0.
• Vesting: Both awards vest in four substantially equal annual installments beginning March 16, 2027 (per filing footnotes).
• RSU settlement: Each RSU converts to one share of Class A common stock upon settlement (footnote F1/F2).
• SARs: Vest over the same four-year schedule; SARs provide value tied to future stock appreciation (footnote F3).
• Shares owned after transaction: not specified in the excerpt of the filing.
• Transaction code: A = Award/Grant (derivative securities). Filing appears timely (not late).

Context

• RSUs represent a contingent right to receive company stock at settlement; they are not an immediate purchase or sale. SARs are derivative awards whose payout depends on future stock price appreciation and may be settled per plan terms.
• Equity awards to executives are common for incentive compensation and do not by themselves indicate near-term buying or selling of company stock.