Hernandez Carlos 4
4 · Hilton Grand Vacations Inc. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Hilton Grand Vacations SVP Carlos Hernandez Receives Award; Shares Withheld
What Happened
Carlos Hernandez, Senior Vice President & Chief Accounting Officer of Hilton Grand Vacations (HGV), received 4,641 shares of common stock on Feb 20, 2026 upon settlement/conversion of performance share units (PSUs). To satisfy tax withholding obligations, 1,950 of those shares were withheld by the company and reported as dispositions, generating cash of $94,653 (646 shares for $31,357 and 1,304 shares for $63,296). The acquired shares show $0.00 per-share cost because they were issued on settlement of PSUs rather than purchased.
Key Details
- Transaction date: February 20, 2026 (filed Feb 24, 2026 — timely within SEC 2-business-day window)
- Acquired: 4,641 shares via exercise/conversion of PSUs (codes M) at $0.00 per share
- 1,445 shares (from 2017 Omnibus plan PSUs)
- 3,196 shares (from 2023 Omnibus plan PSUs)
- Disposed/withheld: 1,950 shares to cover tax withholding (code F)
- 646 shares withheld for $31,357
- 1,304 shares withheld for $63,296
- Net newly issued shares retained by insider: 4,641 acquired minus 1,950 withheld = 2,691 net shares
- Shares owned after transaction: Not disclosed in the provided filing
- Footnotes: F1/F3 = PSUs settled for performance periods (2023–2025 and 2024–2025); F2/F4 = shares withheld to satisfy tax withholding
- Filing timeliness: Report was filed within the typical 2-business-day window (not late)
Context
These transactions are settlements of performance-based equity awards (not open-market buys or voluntary sales). The share withholdings are a routine cashless method the company uses to meet tax obligations when issuing stock from awards; such withholdings are reported as dispositions but do not reflect an open-market sale decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-20+1,445→ 12,775 total - Tax Payment
Common Stock
[F2]2026-02-20$48.54/sh−646$31,357→ 12,129 total - Exercise/Conversion
Common Stock
[F3]2026-02-20+3,196→ 15,325 total - Tax Payment
Common Stock
[F4]2026-02-20$48.54/sh−1,304$63,296→ 14,021 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.