Form 4: Hyatt 10% Owner Trust Converts Class B to Class A Shares

A trust associated with a 10% owner of Hyatt Hotels Corp converted 546,020 shares of Class B Common Stock into Class A Common Stock as part of a pre-planned transaction.

Summary

• TJP-PTA Trust, identified as a member of a 10% owner group of Hyatt Hotels Corp (H), reported a transaction.
• The transaction involved the disposition of 546,020 shares of Class B Common Stock.
• These Class B shares were converted into an equal number of Class A Common Stock shares (546,020).
• The transaction occurred on January 1, 2026, and was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged event.
• Maroon Private Trust Company, LLC serves as the trustee for TJP-PTA Trust and holds investment power over the shares beneficially owned by the reporting person.
• The reporting person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, pre-planned insider transaction (conversion of shares) and does not inherently indicate positive or negative sentiment about the company's performance or future prospects.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide specific industry context. It reflects a planned conversion of shares by a significant shareholder within the hospitality sector, which is a common structural adjustment for multi-class share companies.

Related Party Transactions

• The reporting person, TJP-PTA Trust, is a member of a 10% owner group and has agreed to certain voting agreements and limitations on transfers of shares of Class A Common Stock and Class B Common Stock, indicating a structured relationship with the issuer.

Stakeholder Impact

• Shareholders: The conversion of Class B to Class A shares by a significant owner could slightly increase the float of Class A shares, potentially impacting liquidity or trading dynamics, though the overall beneficial ownership remains with the same entity.

Key Dates

Keywords

Hyatt Hotels Corp, H, SEC Form 4, Insider Transaction, Class B Common Stock, Class A Common Stock, Stock Conversion, 10b5-1 Plan, TJP-PTA Trust, Maroon Private Trust Company