What amount of common stock did Caption By Hyatt repurchase in 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
evant in our sole discretion. The common stock repurchase program applies to our Class A and Class B
common stock. The share repurchase program does not obligate us 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.
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Total number of shares repurchased (1) | 7,992,256 | 4,123,828 | 4,233,894 | |||||
| Weighted-average price per share | $ | 148.90 | $ | 109.86 | $ | 87.07 | ||
| Aggregate purchase price (2) | $ | 1,190 | $ | 453 | $ | 369 | ||
| Shares repurchased as a percentage of total common stock | 8 % | 4 % | 4 % | |||||
| outstanding (3) |
- (1) The year ended December 31, 2023 includes repurchases of 106,116 shares that were initiated prior to December 31, 2022, but settled in the first quarter of 2023. At December 31, 2022, a $9 million share repurchase liability was recorded in accrued expenses and other current liabilities on our consolidated balance sheet.
- (2) Excludes related insignificant expenses.
- (3) Calculated based on the total common stock outstanding as of December 31 of the prior year.
The shares of Class A common stock repurchased in the open market were retired and returned to the status of authorized and unissued shares, while the shares of Class B common stock repurchases were retired and the total number of authorized Class B shares was thereby reduced by the number of shares returned (see Note 18). At December 31, 2024, we had $971 million remaining under the total share repurchase authorization.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the company repurchased common stock in 2022. The total number of shares repurchased in 2022 was 4,233,894 at a weighted-average price of $87.07 per share, resulting in an aggregate purchase price of $369 million. Additionally, Caption By Hyatt had a liability for repurchases of common stock of $9 million in 2022. These repurchases decreased the balance of common stock by $369 million, and the liability for these repurchases further decreased it by $9 million.
These figures reflect Caption By Hyatt's activity in repurchasing its own shares, which can impact the earnings per share and the overall equity structure of the company. For a prospective franchisee, understanding these financial maneuvers provides insight into how Caption By Hyatt manages its capital and shareholder value. Share repurchases can signal that the company believes its stock is undervalued, or it may be a way to return capital to shareholders.
The common stock repurchase program applies to both Class A and Class B common stock, and the repurchases can be made in the open market or through privately negotiated transactions. It is important to note that the share repurchase program does not obligate Caption By Hyatt to repurchase any specific dollar amount or number of shares, and the program can be suspended or discontinued at any time. This flexibility allows Caption By Hyatt to adjust its repurchase activity based on market conditions and other relevant factors.
Overall, the information regarding share repurchases provides transparency into Caption By Hyatt's financial strategies and its approach to managing shareholder equity. A potential franchisee should consider these details as part of a comprehensive assessment of the company's financial health and stability.