How many SARs were exercised by Caption By Hyatt during 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
follows:
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| SARs | $ | 1 | $ | 1 | $ | — | ||
| RSUs | 7 | 5 | 5 | |||||
| PSUs | 1 | 2 | 1 | |||||
| Total | $ | 9 | $ | 8 | $ | 6 |
SARs—A summary of SAR activity is presented below:
| SARs | Weighted-average exercise price | Weighted-average remaining contractual term |
|---|
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, 864,715 SARs (Stock Appreciation Rights) were exercised during the year ended December 31, 2024. The weighted-average exercise price for these SARs was $55.19.
Stock Appreciation Rights are a form of compensation that gives an employee the right to the appreciation in the company's stock over a specified period. When SARs are exercised, the employee receives the difference between the market price of the stock at the time of exercise and the grant price, either in cash or stock.
The table also provides additional context regarding Caption By Hyatt's SARs. At the end of 2023, there were 3,883,347 SARs outstanding with a weighted-average exercise price of $67.20. During 2024, 223,410 SARs were granted at a weighted-average exercise price of $156.97. The number of SARs outstanding at the end of 2024 was 3,242,042 with a weighted-average exercise price of $76.59. Of these, 2,541,081 were exercisable at a weighted-average price of $65.23.