M. Colden Tracy - Jan 17, 2024 Form 4 Insider Report for Playa Hotels & Resorts N.V. (PLYA)

Role
EVP & General Counsel
Signature
/s/ Tracy M.J. Colden
Stock symbol
PLYA
Transactions as of
Jan 17, 2024
Transactions value $
-$357,619
Form type
4
Date filed
1/19/2024, 07:25 PM
Previous filing
Jan 9, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLYA Ordinary Shares Award $0 +60K +31.25% $0.00 252K Jan 17, 2024 Direct F1
transaction PLYA Ordinary Shares Award $0 +120K +47.82% $0.00 372K Jan 18, 2024 Direct F2
transaction PLYA Ordinary Shares Sale -$358K -44.5K -11.95% $8.04 328K Jan 19, 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents restricted Ordinary Shares granted to the reporting person pursuant to the Issuer's 2017 Omnibus Incentive Plan. The shares will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person's continued employment.
F2 Represents the vesting of performance-based restricted shares granted to the reporting person on January 4, 2021 pursuant to the Issuer's 2017 Omnibus Incentive Plan.
F3 Represents shares sold to cover tax withholding due upon vesting of restricted Ordinary Shares. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F4 This transaction was executed in multiple trades at prices ranging from $8.02 to $8.07; the price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the trades were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.