Hilton (HLT) director adds 9.306 dividend-equivalent shares to holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Worldwide Holdings Inc. director Douglas M. Steenland reported an automatic acquisition of 9.306 shares of common stock as a grant or award. These dividend equivalent rights were credited in connection with the company’s quarterly dividend on his deferred share units. Following this award, he directly holds 28,425.029 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STEENLAND DOUGLAS M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9.306 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 28,425.029 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares awarded: 9.306 shares
Price per awarded share: $0.0000 per share
Holdings after transaction: 28,425.029 shares
3 metrics
Shares awarded
9.306 shares
Dividend equivalent rights grant on common stock
Price per awarded share
$0.0000 per share
Recorded grant price on Form 4
Holdings after transaction
28,425.029 shares
Direct Hilton common stock held after award
Key Terms
dividend equivalent rights, deferred share units, grant, award, or other acquisition
3 terms
dividend equivalent rights financial
"Represents dividend equivalent rights in connection with the Issuer's quarterly dividend"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Hilton (HLT) director Douglas Steenland report?
Douglas M. Steenland reported an acquisition of 9.306 shares of Hilton common stock. The shares reflect dividend equivalent rights credited on his deferred share units in connection with Hilton’s quarterly dividend and are recorded as a grant or award, not an open-market purchase.
Was the Hilton (HLT) Form 4 transaction an open-market buy or sell?
The transaction was not an open-market trade. It is coded as a grant or award acquisition, representing 9.306 dividend equivalent rights credited on deferred share units in connection with Hilton’s quarterly dividend, rather than a discretionary buy or sell in the market.
What does “dividend equivalent rights” mean in Hilton (HLT) director’s filing?
Dividend equivalent rights give a holder value similar to dividends on underlying units. In this case, 9.306 rights were credited to Douglas M. Steenland on deferred share units when Hilton paid its quarterly dividend, resulting in an equivalent share-based award recorded on Form 4.
How is ownership characterized in Douglas Steenland’s Hilton (HLT) Form 4?
The 9.306 awarded shares are reported as directly owned common stock. Following the grant, Douglas M. Steenland’s total direct holdings are 28,425.029 shares of Hilton common stock, reflecting his position after this dividend-equivalent credit on deferred share units.