What was the total number of shares repurchased by Caption By Hyatt in 2024?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
evant in our sole discretion. The common stock repurchase program applies to our Class A and Class B
common stock. The share repurchase program does not obligate us to repurchase any dollar amount or number of shares, and the program may be suspended or discontinued at any time and does not have an expiration date.
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Total number |
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 total number of shares repurchased in 2024 was 7,992,256. The weighted-average price per share was $148.90, resulting in an aggregate purchase price of $1,190 million. These repurchased shares represent 8% of the total common stock outstanding.
Share repurchases are a way for Caption By Hyatt to return capital to its shareholders and can signal that the company believes its stock is undervalued. For potential franchisees, this indicates the financial strategies and capital management practices of the company.
It's important to note that these repurchases do not obligate Caption By Hyatt to repurchase any specific dollar amount or number of shares, and the program can be suspended or discontinued at any time. This flexibility allows Caption By Hyatt to adjust its repurchase activity based on market conditions and other relevant factors.