Form 4: Hilton Grand Vacations CFO Mathewes Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Daniel Jason Mathewes, CFO of Hilton Grand Vacations, reports the withholding of common stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On March 7, 2025, Daniel Jason Mathewes, the President & Chief Financial Officer of Hilton Grand Vacations Inc. (HGV), had shares of common stock withheld by the issuer to cover tax obligations.
- A total of 2,279 shares were withheld at a price of $40.48 per share related to the vesting of 5,511 restricted stock units.
- An additional 2,896 shares were withheld at the same price of $40.48 per share related to the vesting of 7,003 restricted stock units.
- Following these transactions, Mathewes directly owns 169,526 shares of HGV common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- The filing ensures transparency regarding executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of stock withholding for tax obligations. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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