What was the balance of Class A common shares outstanding for Caption By Hyatt as of January 1, 2022?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
For the Years Ended December 31, 2024, December 31, 2023, and December 31, 2022 (In millions of dollars, except share and per share amounts)
Stockholders' equity attributable to Hyatt Hotels Corporation
| Common Shares Outstanding | Common | Stock Amount | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss | Noncontrolling Interests | Total |
|---|
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 balance of Class A common shares outstanding as of January 1, 2022, was 50,322,050. The document also provides information on Class B common shares, which had a balance of 59,653,271 on the same date. These figures are part of the consolidated statements of changes in stockholders' equity and noncontrolling interests.
It's important to note that these balances are subject to change due to various factors, including share repurchases, employee stock plan issuances, share-based payment activities, and class share conversions. For instance, the FDD mentions that during 2022, 735,522 shares of Class B common stock were converted into Class A common stock. Such conversions directly impact the outstanding share balances of both classes.
The FDD further details that Pritzker family business interests hold a significant portion of both Class A and Class B common stock, giving them substantial influence over Caption By Hyatt's management and affairs. As of December 31, 2024, they beneficially owned approximately 95.8% of Class B common stock and approximately 1.8% of Class A common stock. This dual-class ownership structure ensures that the Pritzker family maintains control even if their share ownership falls below 50%.
For a prospective Caption By Hyatt franchisee, understanding the company's stock structure and ownership is crucial. While it may not directly impact day-to-day operations, it provides insight into the company's governance and long-term strategic direction. Franchisees should be aware of who controls the company and how decisions are made, as this can affect various aspects of the franchise system.