Wang Mark D 4

What Happened Mark D. Wang, Chief Executive Officer of Hilton Grand Vacations, exercised 190,813 stock options on 2026-05-28 at an exercise price of $28.30 per share (total cost $5,400,008) and immediately sold those same 190,813 shares in an open-market transaction for aggregate proceeds of $9,908,919 (weighted-average sale price $51.93). The transaction produced roughly $4.51 million in gross proceeds above the exercise cost (before taxes and fees). The filing also shows the derivative position (the exercised options) was disposed in connection with the exercise.

Key Details

• Transaction date: 2026-05-28 (filed 2026-06-01).
• Exercise: 190,813 shares @ $28.30 each = $5,400,008 total (code M).
• Sale: 190,813 shares sold @ weighted avg $51.93 = $9,908,919 total (code S). Sale prices ranged $51.70–$52.395 (footnote F1).
• Derivative disposition: 190,813 shares @ $0.00 reported (shows conversion/exercise of options).
• Vesting note: Options became exercisable 25% on 3/9/2018, 25% on 3/9/2019 and 50% on 3/9/2020 (footnote F2).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timeliness: Filing date is 2026-06-01 for a 2026-05-28 transaction — check whether this met the SEC’s two-business-day Form 4 deadline.

Context This was a same-day exercise-and-sell (commonly a cashless exercise) where the insider exercised vested options and sold the resulting shares immediately. That pattern is often used to cover exercise costs and taxes; it documents realized proceeds but does not necessarily signal a change in the insider’s long-term view of the company. No 10b5-1 plan or gift/tax-withholding notation is shown in the provided excerpt.