Form 4: Hilton Grand Vacations Executive Hernandez Reports Stock Disposals for Tax Obligations
SEC Filing
Carlos Hernandez, a Senior Vice President at Hilton Grand Vacations, reported disposing of shares to cover tax withholding requirements related to vesting restricted stock units.
Summary
- Carlos Hernandez, Senior Vice President and Chief Accounting Officer at Hilton Grand Vacations Inc. (HGV), filed a Form 4.
- The filing reports the disposal of common stock to satisfy tax withholding requirements related to the vesting of restricted stock units on March 7, 2024.
- 1,032 shares were disposed of at a price of $44.93 to cover taxes related to 2,622 restricted stock units.
- An additional 368 shares were disposed of at the same price to cover taxes related to 934 restricted stock units.
- Following these transactions, Hernandez directly owns 16,982 shares of Hilton Grand Vacations Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders reporting changes in their beneficial ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The stock disposal has a minor impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of stock disposal for tax withholding. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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