Form 4: Hilton Grand Vacations Executive Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Jorge Pablo Brizi, an executive at Hilton Grand Vacations, reports the withholding of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 7, 2024, Jorge Pablo Brizi, Executive Vice President and Chief Human Resources Officer & Corporate Affairs at Hilton Grand Vacations Inc. (HGV), had shares of common stock withheld by the issuer to cover tax obligations.
- A total of 1,607 shares were withheld at a price of $44.93 per share related to the vesting of 4,082 restricted stock units.
- An additional 1,268 shares were withheld at the same price of $44.93 per share related to the vesting of 3,221 restricted stock units.
- Following these transactions, Brizi directly owns 81,915 shares of Hilton Grand Vacations Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of stock withholding for tax obligations. |
| 03/08/2024 | Date of signature on the Form 4 filing. |
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