Egan Margaret C. 4
Research Summary
AI-generated summary
Hyatt (H) GC Margaret Egan Receives Award, Withholds Shares for Taxes
What Happened
- Margaret C. Egan, Executive Vice President, General Counsel and Secretary of Hyatt Hotels Corporation, received 4,436 shares on 2026-03-04 upon the vesting of performance share units (reported as an award). Simultaneously, 1,528 shares were disposed (withheld) to cover tax withholding at an implied price of $162.00 per share, totaling $247,536.
- This was a vesting/award event (code A) with a tax-withholding share disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-04; Form 4 filed: 2026-03-06 (filed two days after the transaction).
- Award: 4,436 shares issued at $0.00 (vested performance share units from a May 17, 2023 LTIP grant).
- Tax withholding: 1,528 shares disposed at $162.00 each = $247,536 withheld to satisfy tax liabilities.
- Shares owned after the transaction: not specified in the provided filing.
- Footnote: Vesting relates to performance share units granted under the Fifth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan (LTIP).
- Timeliness: Filing appears timely (filed within two days of the transaction date).
Context
- This was a standard equity compensation vesting and tax-withholding transaction—common for executives and not a market sell signal. The withheld shares were used to satisfy tax obligations rather than indicating a discretionary sale.