Ballew Paul 4

What Happened
Paul Ballew, a member of Hyatt Hotels Corporation's board of directors, was granted 1,119 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the acquisition as a derivative award (code A) at $0.00 per share (i.e., no cash purchase price reported). Each RSU represents the contingent right to receive one share of Class A common stock.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22.
• Award: 1,119 RSUs; reported price per unit: $0.00 (derivative award).
• Shares owned after transaction: Not specified on this Form 4.
• Footnotes: F1 — each RSU converts to one Class A share; F2 — the RSUs are fully vested under the Long-Term Incentive Plan and Director Compensation/Deferred Compensation programs but will be settled in Class A common stock only upon termination of the director’s service.
• Filing timeliness: Form 4 was filed two days after the grant (appears timely).

Context
RSU awards to non-employee directors are common as compensation and do not represent an open-market purchase or sale. Although these units are fully vested, settlement is deferred until the director leaves the board, so this grant does not immediately increase tradable shares or indicate a near-term sale or purchase by the director. For retail investors, awards are routine and generally less informative about insider sentiment than outright purchases.