Form 4: Hilton Grand Vacations Executive Reports Stock Withholding for Tax Obligations

Charles R. Corbin Jr., a Senior Executive Vice President at Hilton Grand Vacations, reports the withholding of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Charles R. Corbin Jr., a Senior Executive Vice President at Hilton Grand Vacations Inc. (HGV), filed a Form 4 on March 10, 2025, reporting changes in beneficial ownership of company stock.
• The report details the withholding of 784 shares of common stock on March 7, 2025, at a price of $40.48 per share to satisfy tax withholding requirements related to the vesting of 3,561 restricted stock units.
• An additional 1,092 shares were withheld on the same date and at the same price to cover taxes for the vesting of 4,962 restricted stock units.
• Following these transactions, Corbin directly owns 111,270 shares of Hilton Grand Vacations Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock compensation and tax obligations, with no inherent 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 filing indicates standard tax-related stock withholding, a common practice among companies that issue stock-based compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a standard practice.

Key Dates