Carr Chris 4

What Happened
Chris Carr, a director of Hilton Worldwide Holdings Inc. (HLT), was granted 742 deferred share units on 2026-05-14. The units were awarded at a $0 per-unit grant (total reported value $0) under Hilton’s equity plan. Per the filing, each deferred share unit represents one share of common stock and the units are fully vested; underlying shares will be issued upon the earliest of (i) Carr’s termination of service as a director, (ii) a change in control, or (iii) the second anniversary of the grant date. This transaction is an award/compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-14 (reported on Form 4 filed 2026-05-18)
• Transaction type/code: Award/Grant (Code A) — 742 deferred share units at $0.00 (total $0)
• Shares owned after transaction: not specified in the filing provided
• Footnote: Units are deferred share units under the Hilton Amended and Restated 2017 Omnibus Incentive Plan; fully vested but converted to shares only on specified trigger events (termination, change in control, or 2nd anniversary)
• Filing timeliness: Filed on 2026-05-18 for a 2026-05-14 grant — the Form 4 was filed within the SEC’s required reporting window (not marked late)

Context
Deferred share units are a common form of director compensation that delay issuance of actual stock until a future event; they are different from open-market purchases (which can signal immediate insider confidence) or sales. Because these units are grants tied to director service and specific conversion triggers, they should be viewed as compensation rather than a direct market bet by the insider.