GURNIK GORDON 4
4 · Hilton Grand Vacations Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Hilton Grand Vacations COO Gurnik Gordon Receives Award; Shares Withheld
What Happened
Gurnik Gordon, Senior Executive Vice President & Chief Operating Officer of Hilton Grand Vacations (HGV), received 29,831 shares on Feb 20, 2026 through the settlement/conversion of performance-based equity awards (recorded as derivative exercises). To satisfy tax withholding, 11,820 of those shares were withheld by the company (reported as dispositions) at $48.54 per share, generating approximately $573,743 in withholding proceeds. The issued shares show an acquisition price of $0.00, reflecting settlement of earned performance share units.
Key Details
- Transaction date: 2026-02-20; Form 4 filed: 2026-02-24 (filed within the required reporting window).
- Shares issued (acquired): 8,523 and 21,308 (total 29,831) at $0.00 (settlement of performance share units).
- Shares withheld/disposed for taxes: 3,435 and 8,385 (total 11,820) at $48.54 each; total withholding ≈ $573,742.80.
- Net shares retained by insider after withholding: 18,011 (29,831 − 11,820).
- Footnotes: F1/F3 — shares earned from Performance Share Units under the 2017 and 2023 Omnibus Incentive Plans for performance periods ending Dec 31, 2025; F2/F4 — issuer withheld shares to satisfy tax withholding.
- Shares owned after the transaction: not disclosed in the filing.
Context
These transactions reflect the settlement of earned performance share units (not an open-market purchase or a discretionary sale). The withholding of shares by the issuer to cover tax obligations is common in equity award settlements and should not be interpreted as a voluntary market sale by the insider. The Form 4 was filed on Feb 24, 2026 for transactions dated Feb 20, 2026, which meets the standard reporting timing requirement.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-20+8,523→ 201,254 total - Tax Payment
Common Stock
[F2]2026-02-20$48.54/sh−3,435$166,735→ 197,819 total - Exercise/Conversion
Common Stock
[F3]2026-02-20+21,308→ 219,127 total - Tax Payment
Common Stock
[F4]2026-02-20$48.54/sh−8,385$407,008→ 210,742 total
Footnotes (4)
- [F1]Represents shares of common stock earned in connection with the settlement of performance share units previously granted pursuant to the Hilton Grand Vacations Inc. 2017 Omnibus Incentive Plan for the performance period commencing on January 1, 2023 and ending on December 31, 2025. Such shares were earned based on the determination of the Issuer's Compensation Committee as to the satisfaction of the applicable performance metrics.
- [F2]Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the issuance of share of common stock in settlement of performance share units described in footnote (1) above.
- [F3]Represents shares of common stock earned in connection with the settlement of performance share units previously granted pursuant to the Hilton Grand Vacations Inc. 2023 Omnibus Incentive Plan for the performance period commencing on January 17, 2024 and ending on December 31, 2025. Such shares were earned based on the determination of the Issuer's Compensation Committee as to the satisfaction of the applicable performance metrics.
- [F4]Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the issuance of share of common stock in settlement of performance share units described in footnote (3) above.