Hyatt Hotels Corp. SC 13D/A Amendment Filed
Ticker: H · Form: SC 13D/A · Filed: Sep 24, 2024 · CIK: 1468174
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: H
TL;DR
Pritzker group & Maroon Trust filed 13D/A amendment for Hyatt Hotels (H).
AI Summary
On September 24, 2024, an amendment (Amendment No. 30) to the Schedule 13D was filed for Hyatt Hotels Corp. This filing involves entities such as Maroon Private Trust Company, LLC, and individuals like Thomas J. Pritzker. The filing pertains to the Class A Common Stock of Hyatt Hotels Corp.
Why It Matters
This filing indicates a change in the beneficial ownership of Hyatt Hotels Corp. stock, which could signal shifts in control or investment strategies by significant stakeholders.
Risk Assessment
Risk Level: medium — Schedule 13D filings, especially amendments, often relate to significant changes in ownership or control, which can introduce volatility.
Key Players & Entities
- Hyatt Hotels Corp (company) — Subject Company
- Maroon Private Trust Company, LLC (company) — Filing Party
- Thomas J. Pritzker (person) — Group Member
- Jason Pritzker (person) — Group Member
- Marshall E. Eisenberg (person) — Group Member
- Michael A. Pucker (person) — Attorney
- Cathy A. Birkela (person) — Attorney
FAQ
What is the purpose of Amendment No. 30 to the Schedule 13D filing for Hyatt Hotels Corp?
The filing is an amendment to a previous Schedule 13D, indicating changes in the beneficial ownership of Hyatt Hotels Corp. securities.
Who are the key entities involved in this filing?
The key entities include Hyatt Hotels Corp. (the issuer), Maroon Private Trust Company, LLC (a filing party), and various Pritzker-related group members.
What class of securities is being reported on?
The filing pertains to the Class A Common Stock of Hyatt Hotels Corp., with a par value of $0.01 per share.
When was this amendment filed with the SEC?
This amendment was filed on September 24, 2024.
What is the CUSIP number for Hyatt Hotels Corp. Class A Common Stock?
The CUSIP number for Hyatt Hotels Corp. Class A Common Stock is 448579102.
Filing Stats: 5,043 words · 20 min read · ~17 pages · Grade level 9.4 · Accepted 2024-09-24 17:00:26
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
- $152.23 — s of Class B Common Stock at a price of $152.23 per share, which represents the Volume
- $249,999,869.73 — by Bloomberg, for an aggregate price of $249,999,869.73 (the September 2024 Sale ). The Septemb
Filing Documents
- d882602dsc13da.htm (SC 13D/A) — 196KB
- 0001193125-24-224874.txt ( ) — 198KB
of the Schedule 13D is amended and supplemented as follows
Item 4 of the Schedule 13D is amended and supplemented as follows: On September 22, 2024, Maroon Private Trust Company, LLC, as trustee for Margot and Tom Pritzker Foundation, entered into a Purchase and Sale Agreement (the Purchase and Sale Agreement ) with the Issuer, pursuant to which it sold an aggregate of 1,642,251 shares of Class B Common Stock at a price of $152.23 per share, which represents the Volume Weighted Average Price for Class A Common Stock for the three (3) trading-day period ending September 20, 2024 as reported by Bloomberg, for an aggregate price of $249,999,869.73 (the September 2024 Sale ). The September 2024 Sale closed on September 24, 2024. Item5. Interest in Securities of the Issuer
of the Schedule 13D is amended and supplemented as follows
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 20,878,516 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, as adjusted to account for an aggregate 1,642,251 shares of Class B Common Stock that were repurchased by the Issuer from the reporting person on September 22, 2024, the number of shares of Class B Common Stock beneficially owned by the Reporting Persons represents 38.8% 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, as adjusted, the number of shares of Common Stock beneficially owned by the Reporting Persons represents 21.8% of the total number of shares of Common Stock outstanding and 35.9% 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 Common Stock have been converted into shares of Class A Common Stock. 13D Page 9 of 18 Pages Thomas J. Pritzker holds 244,648 SARs that are currently exercisable at an exercise price of $52.65, 212,967 SARs that are currently exercisable at an exercise price of $80.02, 292,226 SARS that are currently exercisable at an exercise price of $71.67, 563,063 SARs that are currently exercisable at an exercise price of $48.66, 130,752 SARS that are currently exercisable at an exercise price of $80.46, 72,924 SARs that are currently exercisable at an exercise price of $95.06 and 30,902 SARs that are currently exercisable at an exercise price of $111.71. Each SAR gives the holder the right to receive a number of shares of Clas