Form 4: Hilton Worldwide Holdings Inc. Executive Christopher J. Nassetta Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher J. Nassetta, a Director and Officer of Hilton Worldwide Holdings Inc., reports a transaction involving the withholding of shares for tax liability and indirect ownership through Harwood Road LLC.
Summary
- On March 3, 2024, Christopher J. Nassetta, a Director and Officer at Hilton Worldwide Holdings Inc., reported a transaction.
- 82,605 shares of common stock were withheld by the company to cover tax liabilities related to the vesting of restricted stock units and performance share units at a price of $204.88 per share.
- Following the transaction, Nassetta directly owns 2,662,000 shares of common stock.
- Nassetta also indirectly owns 801,716 shares through Harwood Road LLC, where a revocable living trust serves as the managing member.
- 99% of the economic interests in Harwood Road LLC are held by a family trust for Nassetta's children, and 1% is held by the aforementioned living trust.
- Nassetta disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Management Comments
- The Reporting Person states that this filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any securities reported herein as indirectly held, and disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest therein.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily involves internal stock management for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of transaction involving the withholding of shares for tax liability. |
| 03/04/2024 | Date of signature by Attorney-in-Fact. |
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