Hilton (HLT) executive Jacobs has 16,414 shares withheld for taxes on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hilton Worldwide Holdings Inc. executive Kevin J. Jacobs reported a tax-related share disposition. On the reported date, the company withheld 16,414 shares of common stock at $305.94 per share to cover tax liability from vesting of restricted stock units and performance share units.
After this tax-withholding disposition, Jacobs held 274,145 common shares directly. He also had indirect ownership of 35,863 shares through a family trust and 32,137 shares through a GRAT, reflecting estate-planning vehicles associated with him rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Jacobs Kevin J
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 16,414 | $305.94 | $5.02M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 274,145 shares (Direct);
Common Stock — 35,863 shares (Indirect, By trust)
Footnotes (1)
- Shares withheld by the Company for the payment of tax liability incident to vesting of restricted stock units and performance share units. Reflects indirect ownership by a family trust for which the reporting person's spouse serves as trustee.
FAQ
What insider transaction did Kevin J. Jacobs report at Hilton (HLT)?
Kevin J. Jacobs reported a tax-withholding disposition of shares, where Hilton withheld 16,414 common shares at $305.94 each to satisfy tax liabilities from vesting equity awards, not an open-market stock sale.
What indirect Hilton (HLT) holdings are reported for Kevin J. Jacobs?
The filing shows indirect ownership of 35,863 shares via a family trust and 32,137 shares via a GRAT. The family trust is noted as having Jacobs’ spouse as trustee, indicating estate and wealth-planning vehicles associated with his holdings.
What does transaction code F mean in Kevin J. Jacobs’ Hilton (HLT) Form 4?
Transaction code F indicates payment of tax liability by delivering securities. In this case, Hilton withheld 16,414 shares of common stock from Kevin J. Jacobs when restricted stock units and performance share units vested, to cover related taxes.