CHRISTOPHER J. NASSETTA - 28 Feb 2024 Form 4 Insider Report for Hilton Worldwide Holdings Inc. (HLT)

Role
President and Chief Executive Officer, Director
Signature
/s/ Owen L. Wilcox, Attorney-in-Fact
Issuer symbol
HLT
Transactions as of
28 Feb 2024
Net transactions value
$0
Form type
4
Filing time
01 Mar 2024, 16:44:47 UTC
Previous filing
09 Feb 2024
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLT Common Stock Award $0 +148,420 +5.8% $0.000000 2,716,291 28 Feb 2024 Direct F1
transaction HLT Common Stock Award $0 +28,314 +1% $0.000000 2,744,605 28 Feb 2024 Direct F2
holding HLT Common Stock 801,716 28 Feb 2024 See Footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HLT Employee Stock Option (right to buy) Award $0 +81,052 $0.000000 81,052 28 Feb 2024 Common Stock 81,052 $203.96 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned in connection with the performance-based units previously granted and unreportable on March 3, 2021 pursuant to the Hilton 2017 Omnibus Incentive Plan. Shares were earned based upon the level of attainment of certain performance objectives and continued employment. These shares fully vested on February 28, 2024 following certification by the issuer's compensation committee.
F2 Represents restricted stock units of the Issuer issued pursuant to the Hilton 2017 Omnibus Incentive Plan, which vest in two equal annual installments beginning on March 3, 2025.
F3 These shares of common stock are held by Harwood Road LLC, a limited liability company. A revocable living trust, of which Mr. Nassetta is the trustee and a beneficiary, serves as the managing member of Harwood Road LLC. 99% of the economic interests in the limited liability company are held by a family trust for the benefit of Mr. Nassetta's children and the remaining 1% is held by the aforementioned living trust. The Reporting Person states that this filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any securities reported herein as indirectly held, and disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest therein.
F4 The option vests in three equal annual installments beginning on March 3, 2025.

Remarks:

President and Chief Executive Officer