Hyatt Hotels Ownership Update
Ticker: H · Form: SC 13D/A · Filed: Jun 20, 2024 · CIK: 1468174
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: H
TL;DR
Pritzker group updates Hyatt stake filing - ownership changes afoot.
AI Summary
On June 20, 2024, UDQ Private Trust Company, LLC, as part of a group including GHHC, L.L.C. and Gigi Pritzker Pucker, filed an amendment (Amendment No. 26) to their Schedule 13D regarding Hyatt Hotels Corporation. This filing indicates a change in beneficial ownership of the company's Class A Common Stock.
Why It Matters
This filing signals potential shifts in control or significant investment stakes in Hyatt Hotels Corporation, which could influence the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.
Key Numbers
- Amendment No. 26 — Filing Amendment (Indicates this is a significant update to previous filings.)
Key Players & Entities
- UDQ Private Trust Company, LLC (company) — Filing entity
- GHHC, L.L.C. (company) — Group member
- Gigi Pritzker Pucker (person) — Group member
- Hyatt Hotels Corporation (company) — Subject company
- Cathy A. Birkeland, Esq. (person) — Legal representative
- Alexa M. Berlin, Esq. (person) — Legal representative
- Latham & Watkins LLP (company) — Legal firm
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 26?
The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., percentage increase/decrease, number of shares) are not provided in the header information.
Who are the members of the group filing this amendment?
The group members are identified as GHHC, L.L.C. and Gigi Pritzker Pucker.
What is the subject company of this filing?
The subject company is Hyatt Hotels Corporation.
When was this amendment filed?
This amendment was filed on June 20, 2024.
What type of securities are being reported on?
The filing pertains to the Class A Common Stock of Hyatt Hotels Corporation, with a par value of $0.01 per share.
Filing Stats: 5,032 words · 20 min read · ~17 pages · Grade level 9.5 · Accepted 2024-06-20 17:12:49
Key Financial Figures
- $0.01 — Name of Issuer) Class A Common Stock, $0.01 par value per share (Title of Class o
- $52 — tly exercisable at an exercise price of $52.65, 212,967 SARs that are currently exe
- $80 — tly exercisable at an exercise price of $80.02, 292,226 SARS that are currently exe
Filing Documents
- d796948dsc13da.htm (SC 13D/A) — 127KB
- 0001193125-24-164566.txt ( ) — 129KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 20, 2024 UDQ Private Trust Company, LLC, solely as trustee of the trusts listed on Appendix A-1 and Appendix A-2 . By: /s/ Derek Arend Derek Arend President GHHC, L.L.C. By: /s/ Derek Arend Derek Arend President /s/ Gigi Pritzker Pucker Gigi Pritzker Pucker, not individually, but solely in the capacity as trustee of UDQ Trust, solely in such trusts capacity as the member of UDQ Private Trust Company, LLC /s/ Gigi Pritzker Pucker Gigi Pritzker Pucker, individually [Signature Page to Amendment No. 26 to Schedule 13D] CUSIP No. 448579102 13D Page 9 of 12 Pages Appendix A-1 Trust Name Jurisd. of Org. F.L.P. Trust #14 South Dakota CUSIP No. 448579102 13D Page 10 of 12 Pages Appendix A-2 Trust Name Jurisd. of Org. Trust GPP-PTA Bahamas Trust GPP-PTB Bahamas PDTA Gigi Trust South Dakota PDTB Gigi Trust South Dakota NPDT Abigail Trust South Dakota NPDT Maggie Trust South Dakota NPDT Jessica Trust South Dakota CUSIP No. 448579102 13D Page 11 of 12 Pages Schedule A Certain Information Regarding the Reporting Persons 1 Class A Common Stock 2 Class B Common Stock 3 % of Total Common Stock 4 % of Total Voting Power 5 Name of Beneficial Owner Shares % of Class A Shares % of Class B UDQ Private Trust Company, LLC, solely in the capacity as trustee of the trust listed on Appendix A-1 and the trusts listed on Appendix A-2. 6 17,554,636 31.6 % 17.3 % 29.2 % GHHC, L.L.C. 6 12,459,779 22.4 % 12.3 % 20.7 % Gigi Pritzker Pucker, individually and as trustee of UDQ Trust, solely in such trusts capacity as the member of UDQ Private Trust Company, LLC 6 17,554,636 31.6 % 17.3 % 29.2 % 1 All references to the number of shares outstanding are as of May 3, 2024, as re