GURNIK GORDON 4

What Happened
Gordon Gurnik, Senior Executive Vice President & Chief Operating Officer of Hilton Grand Vacations (HGV), had a total of 4,648 shares withheld by the company to satisfy tax withholding on vested restricted stock units (RSUs). On 2026-03-05, 2,479 shares were withheld at $45.27 per share for $112,224; on 2026-03-06, 2,169 shares were withheld at $43.54 per share for $94,438. These transactions are reported as disposals via tax withholding (code F), not open-market sales.

Key Details

• Transaction dates and amounts:
  • 2026-03-05: 2,479 shares withheld @ $45.27 = $112,224 (F)
  • 2026-03-06: 2,169 shares withheld @ $43.54 = $94,438 (F)
  • Total withheld: 4,648 shares for $206,662
• Footnotes: Withholdings correspond to the vesting of RSUs — 2,479 shares withheld on vesting of 6,299 RSUs (F1) and 2,169 shares withheld on vesting of 5,512 RSUs (F2).
• Shares owned after transaction: Not reported in the provided Form 4 excerpt.
• Filing timeliness: Form filed 2026-03-09 for transactions on 2026-03-05 and 2026-03-06; this appears later than the typical two-business-day Form 4 filing requirement.

Context
Share withholding to cover tax obligations on RSU vesting is a routine, administrative action (often called net settlement) and generally does not reflect a trading decision or change in insider sentiment. These transactions represent the company withholding vested shares to satisfy taxes rather than the insider selling shares on the open market.