Form 4: Hilton Worldwide Holdings Inc.: CEO Nassetta Exercises Options and Sells Shares
SEC Form 4 Filing
Christopher Nassetta, CEO of Hilton Worldwide Holdings Inc., exercised stock options and sold shares to cover the exercise price and tax obligations.
Summary
- On February 7, 2025, Christopher J. Nassetta, the President and CEO of Hilton Worldwide Holdings Inc., exercised employee stock options to acquire 71,125 shares of common stock at a price of $57.99 per share.
- Simultaneously, Nassetta sold 40,653 shares of common stock at a weighted average price of $268.83 per share, ranging from $268.51 to $269.35, to cover the option exercise price and associated tax liability.
- Following these transactions, Nassetta directly owns 77,383 shares of common stock.
- Nassetta also indirectly owns 2,615,089 shares through a revocable trust and 801,716 shares through Harwood Road LLC.
- The exercised stock options were granted in February 2015 and vested in three equal annual installments starting on February 10, 2016.
- Shares previously reported as directly owned were transferred to a revocable trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine executive compensation activity.
Industry Context
Executive stock option exercises and sales are a common occurrence in publicly traded companies and are often related to compensation and tax planning. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 2015 | Date of original option grant. |
| February 10, 2016 | First vesting date of the stock options. |
| 02/07/2025 | Date of transaction (option exercise and share sale). |
| 02/10/2025 | Expiration date of the stock options. |
Keywords
Form 4, Hilton Worldwide Holdings Inc., Christopher Nassetta, Stock Options, Share Sale, Beneficial Ownership, HLT
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