Form 4: Hilton Grand Vacations CFO Mathewes Reports Stock Disposals for Tax Obligations

Daniel Jason Mathewes, CFO of Hilton Grand Vacations, reports disposals of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Daniel Jason Mathewes, the CFO of Hilton Grand Vacations Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
• On March 7, 2024, Mathewes disposed of 2,896 shares of common stock at $44.93 per share to satisfy tax withholding requirements related to the vesting of 7,003 restricted stock units.
• Additionally, Mathewes disposed of 2,279 shares of common stock at $44.93 per share to cover tax obligations associated with the vesting of 5,511 restricted stock units.
• Following these transactions, Mathewes directly owns 152,592 shares of Hilton Grand Vacations Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a change in the company's fundamentals.

Key Dates