Hyatt Hotels Corp. 13D/A Filing - Ownership Update

TL;DR

Pritzker group updates Hyatt ownership filing - watch for potential strategic moves.

AI Summary

On August 9, 2024, Hyatt Hotels Corporation filed an amendment (Amendment No. 29) to its Schedule 13D. This filing indicates changes in beneficial ownership for Hyatt Hotels Corp. The filing was made by Maroon Private Trust Company, LLC, and lists Jason Pritzker, Marshall E. Eisenberg, and Thomas J. Pritzker as group members.

Why It Matters

This filing provides transparency regarding significant changes in the beneficial ownership of Hyatt Hotels Corporation's stock, which can influence investor perception and stock price.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can signal shifts in control or strategy, potentially impacting the company's future performance and stock valuation.

Key Numbers

• 20240809 — Filing Date (Indicates the date of the latest amendment to the filing.)

Key Players & Entities

• Hyatt Hotels Corporation (company) — Subject Company
• Maroon Private Trust Company, LLC (company) — Filing Party
• Jason Pritzker (person) — Group Member
• Marshall E. Eisenberg (person) — Group Member
• Thomas J. Pritzker (person) — Group Member
• Michael A. Pucker (person) — Attorney
• Cathy A. Birkela (person) — Attorney

FAQ

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
• $71 — tly exercisable at an exercise price of $71.67, 563,063 SARs that are currently exe
• $48 — tly exercisable at an exercise price of $48.66, 130,752 SARS that are currently exe
• $95.06 — tly exercisable at an exercise price of $95.06 and 30,902 SARs that are currently exer
• $111.71 — tly exercisable at an exercise price of $111.71. Each SAR gives the holder the right to
• $41.74 — rights ( SARs ) at an exercise price of $41.74 (the December 2020 SARs Exercise ). At
• $73.87 — arket price of the underlying stock was $73.87 per share, and the SARs were settled in
• $41.29 — ed 140,601 SARs at an exercise price of $41.29 (the 2021 SARs Exercise ). At the time
• $73.48 — arket price of the underlying stock was $73.48 per share, and the SARs were settled in
• $43.44 — ed 207,381 SARs at an exercise price of $43.44 (the August 2022 SARs Exercise ). At th
• $95.13 — arket price of the underlying stock was $95.13 per share, and the SARs were settled in
• $49.39 — ed 140,191 SARs at an exercise price of $49.39 (the December 2022 SARs Exercise ). At
• $94.20 — arket price of the underlying stock was $94.20 per share, and the SARs were settled in

Filing Documents

• d827993dsc13da.htm (SC 13D/A) — 202KB
• 0001193125-24-197927.txt ( ) — 204KB

of the Schedule 13D is amended and supplemented as follows

Item 3 of the Schedule 13D is amended and supplemented as follows: On December 9, 2020, Thomas J. Pritzker, individually, exercised 127,410 stock appreciation rights ( SARs ) at an exercise price of $41.74 (the December 2020 SARs Exercise ). At the time of the exercise, the market price of the underlying stock was $73.87 per share, and the SARs were settled in stock through the net issuance of 55,417 shares of Class A Common Stock. On August 30, 2021, Thomas J. Pritzker, individually, exercised 140,601 SARs at an exercise price of $41.29 (the 2021 SARs Exercise ). At the time of the exercise, the market price of the underlying stock was $73.48 per share, and the SARs were settled in stock through the net issuance of 61,594 shares of Class A Common Stock. On August 17, 2022, Thomas J. Pritzker, individually, exercised 207,381 SARs at an exercise price of $43.44 (the August 2022 SARs Exercise ). At the time of the exercise, the market price of the underlying stock was $95.13 per share, and the SARs were settled in stock through the net issuance of 112,682 shares of Class A Common Stock. On December 20, 2022, Thomas J. Pritzker, individually, exercised 140,191 SARs at an exercise price of $49.39 (the December 2022 SARs Exercise ). At the time of the exercise, the market price of the underlying stock was $94.20 per share, and the SARs were settled in stock through the net issuance of 66,687 shares of Class A Common Stock. On December 4, 2023, Thomas J. Pritzker, individually, exercised 180,353 SARs at an exercise price of $56.27 and 275,103 SARs at an exercise price of $47.36 (the 2023 SARs Exercise ). At the time of the exercise, the market price of the underlying stock was $120.04 per share, and the SARs were settled in stock through the net issuance of an aggregate 262,375 shares of Class A Common Stock. On December 15, 2023, Maroon Private Trust Company, LLC, as trustee of a trust for the benefit of Thomas J. Pritzker, transferred 5,000 shares of Class B

of the Schedule 13D is amended and supplemented as follows

Item 4 of the Schedule 13D is amended and supplemented as follows: The December 2020 SARs Exercise was completed on December 9, 2020, as described in Item 3 of this Amendment No. 29. The 2021 SARs Exercise was completed on August 30, 2021, as described in Item 3 of this Amendment No. 29. The August 2022 SARs Exercise was completed on August 17, 2022, as described in Item 3 of this Amendment No. 29. The December 2022 SARs Exercise was completed on December 20, 2022, as described in Item 3 of this Amendment No. 29. The 2023 SARs Exercise was completed on December 4, 2023, as described in Item 3 of this Amendment No. 29. The December 2023 Transfer was completed on December 15, 2023, as described in Item 3 of this Amendment No. 29. The August 2024 Transfer was completed on August 8, 2024, as described in Item 3 of this amendment No. 29. Item5. Interest in Securities of the Issuer Item 5 of the Schedule 13D is amended and supplemented as follows: (a)-(b) As of the date hereof, the Reporting Persons in the aggregate may be deemed to be the beneficial owners of 588,693 shares of currently issued Class A Common Stock and 22,520,767 shares of Class B Common Stock beneficially owned by the Reporting Persons. Based on the number of shares of Class B Common Stock outstanding as of July 31, 2024, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024, the number of shares of Class B Common Stock beneficially owned by the Reporting Persons represents 40.7% of the total number of shares of Class B Common Stock outstanding. Based on the number of shares of Common Stock outstanding as of July 31, 2024, the number of shares of Common Stock beneficially owned by the Reporting Persons represents 23.0% of the total number of shares of Common Stock outstanding and 37.7% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no outstanding shares of Class B Com

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View this SC 13D/A filing on SEC EDGAR