Hilton Grand Vacations Inc. has entered into an uncollared accelerated share repurchase agreement with Deutsche Bank AG, London Branch, as disclosed in a Form 8-K filed on October 30, 2026. Under the terms of the agreement, the company will repurchase an aggregate of $200 million of its common stock.
The transaction is being conducted pursuant to a share repurchase program authorized by the company's Board of Directors. On October 30, 2026, Hilton Grand Vacations will pay Deutsche Bank $200 million and will receive an initial delivery of approximately 4.48 million shares of common stock.
The final number of shares repurchased will be determined based on the volume-weighted average price of the common stock during the calculation period, less a discount and subject to adjustments. Final settlement of the transaction is expected to occur no later than December 31, 2026, though the dealer has the right to accelerate the scheduled termination date on or after December 1, 2026.
Under the agreement, final settlement may require the dealer to deliver additional shares to the company or, in certain circumstances, require the company to deliver shares or make a cash payment to the dealer. The agreement is subject to customary adjustments and termination provisions, including the possibility of early termination by the dealer in the event of extraordinary events.
