How many nonvested RSUs for Caption By Hyatt were forfeited or canceled in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
n, respectively. The total intrinsic value of SARs outstanding at December 31, 2024 was $261 million, and the total intrinsic value for exercisable SARs at December 31, 2024 was $233 million.
RSUs—A summary of the status of the nonvested RSU awards outstanding under the LTIP, including certain RSUs with a performance component, is presented below:
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Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, 32,834 nonvested RSUs (Restricted Stock Units) were forfeited or canceled in 2024. The weighted-average grant date fair value of these forfeited or canceled RSUs was $112.47. This information is part of the financial statements related to stock-based compensation programs.
RSUs are a form of equity compensation that employees may receive, and they vest over time, meaning the employee gains ownership of the shares after a certain period. When RSUs are forfeited or canceled, it typically means that the employee has left the company or has not met certain performance conditions, resulting in the loss of these unvested shares.
For a prospective Caption By Hyatt franchisee, this data point provides insight into the company's equity compensation practices and how they manage employee incentives. While franchisees themselves may not directly participate in these RSU programs, understanding the overall financial health and compensation strategies of the franchisor can be valuable in assessing the stability and management practices of Caption By Hyatt.