Form 4: Hilton Worldwide Holdings Inc.: Executive Kevin J. Jacobs Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kevin J. Jacobs, CFO and President of Global Development at Hilton Worldwide Holdings Inc., reports a transfer of common stock from a grantor retained annuity trust to a family trust.
Summary
- On March 14, 2024, Kevin J. Jacobs, Chief Financial Officer and President of Global Development at Hilton Worldwide Holdings Inc., reported changes in his beneficial ownership of Hilton common stock.
- A total of 13,127 shares of common stock were transferred from a terminating grantor retained annuity trust (GRAT) to a family trust.
- Jacobs indirectly owns 99,134 shares through a GRAT and 35,863 shares through a family trust where his spouse is the trustee.
- He also directly owns 175,397 shares of Hilton common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to a transfer of shares, and doesn't necessarily indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, allowing investors to track executive sentiment and potential future company performance.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the executive's holdings and financial planning.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Transfer of common stock from GRAT to family trust |
| 03/15/2024 | Date of signature by Attorney-in-Fact |
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