How many Caption By Hyatt PSUs were nonvested at December 31, 2023?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
lue of RSUs vested during the years ended December 31, 2024, December 31, 2023, and December 31, 2022 was $49 million, $55 million, and $41 million, respectively.
At December 31, 2024, the total intrinsic value of nonvested RSUs was $137 million.
PSUs—A summary of the status of the nonvested PSU awards outstanding under the LTIP is presented below:
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, there were 555,401 Performance Share Units (PSUs) that were nonvested at December 31, 2023. The weighted-average grant date fair value of these nonvested PSUs was $91.45.
During 2023, Caption By Hyatt granted 177,795 PSUs with a weighted-average grant date fair value of $159.69. In the same year, 226,038 PSUs vested, with a weighted-average grant date fair value of $119.56. There were no PSUs forfeited or canceled during this period.
As of December 31, 2024, the number of nonvested PSUs was 507,158, and the weighted-average grant date fair value for these was $102.84. These figures provide a snapshot of Caption By Hyatt's stock-based compensation program and how PSUs are distributed, vested, and managed over time.