VONDRASEK MARK R 4
Research Summary
AI-generated summary
Hyatt (H) EVP Mark Vondrasek Receives Award; Shares Withheld
What Happened
Mark R. Vondrasek, Executive Vice President & Chief Commercial Officer of Hyatt Hotels Corp., had performance share units vest on March 4, 2026. He was issued 5,175 and 9,005 shares (total 14,180 shares) as awards (priced $0.00). To satisfy tax withholding, 2,298 and 3,678 shares (total 5,976 shares) were surrendered/disposed at $162.00 per share, resulting in cash value of $372,276 and $595,836 respectively (total ~$968,112). Net shares retained from the vesting: 8,204 shares.
Key Details
- Transaction date(s): March 4, 2026; Form 4 filed March 6, 2026. No late filing indicated.
- Awards: 5,175 shares (grant tied to May 17, 2023 award) and 9,005 shares (grant tied to Dec 8, 2022 award) vested under Hyatt’s LTIP. Both acquisitions reported as Code A (award).
- Tax withholding (Code F): 2,298 and 3,678 shares withheld at $162.00/share to cover tax liabilities; total withheld value ≈ $968,112.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes: F1 and F2 indicate the vested shares were performance share units granted under the Fifth Amended and Restated Hyatt LTIP (dates above).
Context
These transactions reflect PSU vesting and routine tax-withholding (surrender of shares to cover taxes), not an open-market sale or a discretionary cash sale. Awards (A) are acquisitions via compensation; withholding (F) is a common mechanism to satisfy tax obligations and should not be interpreted as a directional trade signal.