What was the amount of repurchases of common stock for Caption By Hyatt in 2024?
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.
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, the company repurchased a total of 7,992,256 shares of common stock. The aggregate purchase price for these shares amounted to $1,190 million. This figure includes repurchases of both Class A and Class B common stock.
The repurchases were part of a broader authorization by the board of directors. On May 8, 2024, the board authorized repurchases of up to $1,000 million of common stock. These repurchases can be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan or an ASR transaction, at prices the company deems appropriate and subject to market conditions, applicable law, and other factors deemed relevant in its sole discretion.
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 may be suspended or discontinued at any time and does not have an expiration date. At the end of 2024, Caption By Hyatt had $971 million remaining under the total share repurchase authorization.