What was the amount of repurchases of common stock for Caption By Hyatt in 2023?
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 |
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 aggregate purchase price for repurchased shares in 2023 was $453 million. During that year, Caption By Hyatt repurchased a total of 4,123,828 shares at a weighted-average price of $109.86 per share. These repurchased shares represented 4% of the total common stock outstanding.
It's important to note that the share repurchase program does not obligate Caption By Hyatt to repurchase any specific dollar amount or number of shares. The program can be suspended or discontinued at any time without an expiration date. This flexibility allows Caption By Hyatt to manage its capital in response to market conditions and other relevant factors.
For a prospective Caption By Hyatt franchisee, these figures reflect the company's approach to managing its equity and capital structure. While stock repurchases don't directly impact day-to-day franchise operations, they can signal the company's financial health and its commitment to enhancing shareholder value. Understanding these financial strategies can provide franchisees with a broader perspective on the overall stability and direction of Caption By Hyatt.