Mark D. Wang - Feb 21, 2024 Form 4 Insider Report for Hilton Grand Vacations Inc. (HGV)

Role
Title: President and Chief Executive Officer, Director
Signature
/s/ Charles R. Corbin, as Attorney-in-Fact
Stock symbol
HGV
Transactions as of
Feb 21, 2024
Transactions value $
-$3,108,125
Form type
4
Date filed
2/23/2024, 04:17 PM
Previous filing
Mar 24, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HGV Common Stock Options Exercise $0 +122K +21.27% $0.00 694K Feb 21, 2024 Direct F1, F2
transaction HGV Common Stock Tax liability -$1.99M -44.5K -6.42% $44.70 650K Feb 21, 2024 Direct F3
transaction HGV Common Stock Options Exercise $0 +63.5K +9.78% $0.00 713K Feb 21, 2024 Direct F4
transaction HGV Common Stock Tax liability -$1.12M -25K -3.5% $44.70 688K Feb 21, 2024 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock earned in connection with the settlement of performance share units previously granted pursuant to the Hilton Grand Vacations Inc. 2017 Omnibus Incentive Plan for the performance period commencing on August 2, 2021 and ending on December 31, 2023. Such shares were earned based on the determination of the Issuer's Compensation Committee as to the satisfaction of the applicable performance metrics.
F2 The amount of securities beneficially owned following the reported transaction includes 324 shares acquired on June 30, 2023 at $32.70 per share and 271 shares acquired on December 29, 2023 at $34.15 per share, each under the Issuer's employee stock purchase plan based on information furnished by the administrator of the plan, which transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16b-3(c) promulgated thereunder.
F3 Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the issuance of share of common stock in settlement of performance share units described in footnote (1) above.
F4 Represents shares of common stock earned in connection with the settlement of performance share units previously granted pursuant to the Hilton Grand Vacations Inc. 2017 Omnibus Incentive Plan for the performance period commencing on January 1, 2022 and ending on December 31, 2023. Such shares were earned based on the determination of the Issuer's Compensation Committee as to the satisfaction of the applicable performance metrics.
F5 Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements in connection with the issuance of share of common stock in settlement of performance share units described in footnote (4) above.

Remarks:

Title: President and Chief Executive Officer