secwatch.observer — SEC 8-K summary
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Issuer:     Hyatt Hotels Corp (H)
CIK:        0001468174
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001193125-24-223239
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyatt to repurchase 1.64M Class B shares from Pritzker Foundation for $250M
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- Repurchasing 1,642,251 Class B shares from Margot and Tom Pritzker Foundation at $152.23/share, total ~$250M.
- Closing expected Sept 24, 2024; shares will convert to Class A and be retired.
- Remaining repurchase authorization after this transaction: ~$982 million.
- Repurchase is under previously announced buyback program; reduces authorized Class B shares by 1.64M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468174/000119312524223239/0001193125-24-223239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468174/000119312524223239/d859616d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-223239

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer