Hilton Worldwide Holdings Inc. (NYSE:HLT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
As part of its February 23, 2017 meeting, the Compensation Committee of Hilton Worldwide Holdings Inc. (the “Company”) approved special equity grants to certain employees throughout the organization in recognition of their contribution toward the completion of the January 2017 spin-offs of Park Hotels & Resorts Inc. and Hilton Grand Vacations Inc. and to promote retention. These awards recognize the significant contributions of employees who helped to successfully establish three standalone, fully independent companies in addition to their regular responsibilities and have demonstrated consistently superior levels of achievement, commitment and potential in roles that are critical to the organization. The multi-year vesting schedule of the special equity grants is intended to drive retention and stability within this group of employees. The special equity grants consisted of a total of 359,348 restricted stock units (“RSUs”) and included the following amounts awarded to the Company’s named executive officers: Christopher J. Nassetta, 137,883 RSUs; Kevin J. Jacobs, 68,941 RSUs; and Kristin A. Campbell, 34,470 RSUs. In addition, a number of other employees throughout the organization received special cash bonuses in recognition of their contributions to the spin-offs. The RSUs granted to our named executive officers will vest in three equal annual amounts beginning on February 15, 2018 (and each February 15 thereafter) subject to the executive’s continued employment on the applicable vesting date, and will otherwise be subject to the terms and conditions of the Company’s 2013 Omnibus Incentive Plan and as set forth in a Restricted Stock Unit Award Agreement that is consistent with the Company’s prior grants of RSUs to named executive officers.
About Hilton Worldwide Holdings Inc. (NYSE:HLT)
Hilton Worldwide Holdings Inc. is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. The Company operates through three segments: ownership, management and franchise, and timeshare. The Company’s ownership segment consisted of 146 hotels with 59,463 rooms at December 31, 2015. Through management and franchise segment, the Company had 4,419 hotels with 691,887 rooms at December 31, 2015. As of December 31, 2015, through the timeshare segment, the Company had 45 properties comprising 7,152 units. It markets and sells timeshare intervals; operates timeshare resorts and a timeshare membership club, and provides consumer financing. Its brand portfolio includes its luxury and lifestyle hotel brands, such as Waldorf Astoria Hotels & Resorts, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton and Tru by Hilton. Hilton Worldwide Holdings Inc. (NYSE:HLT) Recent Trading Information
Hilton Worldwide Holdings Inc. (NYSE:HLT) closed its last trading session up +0.48 at 57.70 with 2,753,721 shares trading hands.