What was the total number of SARs granted to Caption By Hyatt employees in 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, 223,410 SARs (stock appreciation rights) were granted to employees in 2024. The document also indicates that at the beginning of 2024, there were 3,883,347 SARs outstanding. During 2024, 864,715 SARs were exercised, and by the end of the year, the number of outstanding SARs was 3,242,042. The weighted-average exercise price for SARs granted in 2024 was $156.97.
These figures provide insight into Caption By Hyatt's stock-based compensation practices. Stock appreciation rights give employees the right to the difference between the stock's value at the exercise date and the grant date, encouraging them to contribute to the company's success. The vesting schedule for SARs is generally 25% annually over four years, starting on the first anniversary of the grant date, and they have a 10-year contractual term.
For a prospective Caption By Hyatt franchisee, understanding these compensation details is important as it reflects the company's approach to employee incentives and financial management. While franchisees themselves typically do not participate directly in these stock-based compensation plans, the overall financial health and employee motivation within the franchise system can impact their business. Reviewing these figures can offer a glimpse into how Caption By Hyatt attracts, retains, and motivates its corporate staff, which indirectly supports the franchise network.