Potter Leonard 4
Research Summary
AI-generated summary
Hilton Grand Vacations (HGV) Director Leonard Potter Receives RSU Award
What Happened
Leonard Potter, a director of Hilton Grand Vacations (HGV), received an award of 4,114 restricted stock units (RSUs) on May 6, 2026. The grant is reported at $0 immediate cash value. The RSUs are subject to vesting and will be settled in shares of common stock under the conditions described below.
Key Details
- Transaction type: Award/Grant (Code A) — 4,114 RSUs granted on 2026-05-06 at $0.00 (reported total $0).
- Vesting/settlement: RSUs vest one year after the grant (May 6, 2027) or, if earlier, on the date of the next annual meeting where directors are elected. RSUs will be settled in issuer common stock upon the earlier of the reporting person's separation from service or a change in control (footnote F1).
- Filing: Form 4 filed 2026-05-08 for a 2026-05-06 grant — appears to be filed within the standard 2-business-day window.
- Shares owned after transaction: Not specified in the provided filing.
Context
RSU grants are compensation awards, not open-market purchases or sales; they represent a future right to receive shares if vesting conditions are met. Such awards are common for directors and senior executives and do not, by themselves, indicate a buy/sell signal in the stock market.