What amount of common stock did Caption By Hyatt repurchase in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
hares, and 735,522 shares, respectively, of Class B common stock were converted on a share-forshare basis into shares of Class A common stock, $0.01 par value per share. The shares of Class B common stock that were converted into shares of Class A common stock have been retired, thereby reducing the shares of Class B common stock authorized and outstanding.
Class B Share Repurchase—During the year ended December 31, 2024, we repurchased 3,629,480 shares of Class B common stock at a weighted-average price of $154.66 per share, for an aggregate purchase price of approximately $561 million. The shares of Class B common stock were repurchased in privately negotiated transactions from a limited liability company owned directly and indirectly by trusts for the benefit of certain Pritzker family members, a private foundation affiliated with certain Pritzker family members, and a charitable trust affiliated with certain Pritzker family members, and were retired, thereby reducing the shares of Class B common stock authorized and outstanding by the repurchased share amount.
Charitable Contribution—During the year ended December 31, 2022, we contributed $5 million to the Hyatt Hotels Foundation. The charitable contribution was recognized in general and administrative expenses on our consolidated statements of income.
19. SEGMENT AND GEOGRAPHIC INFORMATION
Our reportable segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. Our CODM is our President and Chief Executive Officer.
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, during the year ended December 31, 2024, Caption By Hyatt repurchased 3,629,480 shares of Class B common stock. The weighted-average price was $154.66 per share, for an aggregate purchase price of approximately $561 million.
These shares were repurchased in privately negotiated transactions from a limited liability company owned directly and indirectly by trusts for the benefit of certain Pritzker family members, a private foundation affiliated with certain Pritzker family members, and a charitable trust affiliated with certain Pritzker family members. The repurchased shares of Class B common stock were retired, which reduced the number of authorized and outstanding shares by the repurchased amount.
Additionally, the total number of shares repurchased, including both Class A and Class B, was 7,992,256 at a weighted-average price of $148.90 per share, for an aggregate purchase price of $1,190 million. These repurchased shares represent 8% of the total common stock outstanding.