Form 4: TSPV P.G. Trust Sells Hyatt Hotels Corp Stock
SEC Form 4 Filing
TSPV P.G. Trust reports the sale of Class B Common Stock of Hyatt Hotels Corp, convertible to Class A Common Stock, on June 21, 2024.
Summary
- TSPV P.G. Trust sold 12,379 shares of Class B Common Stock of Hyatt Hotels Corp on June 21, 2024, which are convertible to Class A Common Stock.
- The shares were sold at a price of $147.75 per share.
- An additional 169 shares of Class B Common Stock were sold at a weighted average price of $149.1621.
- The price range for the 169 shares was between $148.70 and $149.22.
- Following the transactions, the trust directly owns 256,137 shares of Class A Common Stock and 255,968 shares of Class B Common Stock.
- The trust may be deemed a member of a 10% owner group due to voting agreements and transfer limitations.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing reporting stock sales by a trust.
Industry Context
This filing reflects activity by a significant shareholder of Hyatt Hotels Corp, which is relevant to investors monitoring ownership changes and potential market impact.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of stock sale transactions |
| 06/24/2024 | Date of Form 4 filing |
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