Form 4: Hilton Grand Vacations Executive Charles R. Corbin Jr. Reports Stock Transaction
SEC Form 4 Filing
Charles R. Corbin Jr., an executive at Hilton Grand Vacations, reported the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 22, 2024, Charles R. Corbin Jr., Executive Vice President and General Counsel of Hilton Grand Vacations Inc. (HGV), reported a transaction involving the company's common stock.
- The transaction involved the withholding of 2,697 shares of common stock by the issuer to satisfy tax withholding requirements.
- This was in connection with the vesting of 7,287 restricted stock units.
- The price per share for the transaction was $45.81.
- Following the transaction, Corbin directly owns 137,921 shares of Hilton Grand Vacations Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction reflects standard practice for covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 03/25/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.