Hyatt Hotels Corp
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
The following table sets forth information regarding our purchases of shares of Class A and Class B common stock on a settlement date basis during the quarter ended March 31, 2024:
| Total numberof sharespurchased (1) | Weighted-averageprice paidper share | Total number ofshares purchasedas part of publiclyannounced plans | Maximum number (or approximate dollar value) of shares that may yet be purchased under the program | |
|---|---|---|---|---|
| January 1 to January 31, 2024 | 145,154 | $129.29 | 145,154 | $1,142,272,834 |
| February 1 to February 29, 2024 | 96,536 | 129.90 | 96,536 | $1,129,732,492 |
| March 1 to March 31, 2024 | 2,273,966 | 156.70 | 2,273,966 | $773,402,883 |
| Total | 2,515,656 | $154.09 | 2,515,656 |
(1)On December 18, 2019 and May 10, 2023, our board of directors approved expansions of our share repurchase program. Under each approval, we are authorized to purchase up to an additional $750 million and $1,055 million, respectively, of Class A and Class B common stock in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan or an accelerated share repurchase ("ASR") transaction. The repurchase program does not obligate the Company to repurchase any dollar amount or number of shares and the program may be suspended or discontinued at any time and does not have an expiration date. At March 31, 2024, we had approximately $773 million remaining under the share repurchase authorizations. On May 8, 2024, our board of directors authorized the repurchase of up to an additional $1 billion of our common stock. Following the authorization, we had approximately $1.8 billion remaining under the total share repurchase authorization.
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