<SEC-DOCUMENT>0001468174-21-000013.txt : 20210225
<SEC-HEADER>0001468174-21-000013.hdr.sgml : 20210225
<ACCEPTANCE-DATETIME>20210225162934
ACCESSION NUMBER:		0001468174-21-000013
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210223
FILED AS OF DATE:		20210225
DATE AS OF CHANGE:		20210225

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			VONDRASEK MARK R
		CENTRAL INDEX KEY:			0001685938

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34521
		FILM NUMBER:		21680800

	MAIL ADDRESS:	
		STREET 1:		C/O AFFINION GROUP HOLDINGS, INC.
		STREET 2:		6 HIGH RIDGE PARK
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06905

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hyatt Hotels Corp
		CENTRAL INDEX KEY:			0001468174
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				201480589
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		150 NORTH RIVERSIDE PLAZA
		STREET 2:		8TH FLOOR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		(312) 750-1234

	MAIL ADDRESS:	
		STREET 1:		150 NORTH RIVERSIDE PLAZA
		STREET 2:		8TH FLOOR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wf-form4_161428853819421.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2021-02-23</periodOfReport>

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        <issuerName>Hyatt Hotels Corp</issuerName>
        <issuerTradingSymbol>H</issuerTradingSymbol>
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            <rptOwnerCik>0001685938</rptOwnerCik>
            <rptOwnerName>VONDRASEK MARK R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O HYATT HOTELS CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>150 NORTH RIVERSIDE PLAZA</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>See Remarks</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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            <securityTitle>
                <value>Class A Common Stock</value>
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            <transactionDate>
                <value>2021-02-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>9464</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>80.02</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                    <value>9464</value>
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                <transactionPricePerShare>
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                </transactionAcquiredDisposedCode>
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            <transactionDate>
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                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                </directOrIndirectOwnership>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2021-02-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>1708</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>85.73</value>
                    <footnoteId id="F1"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>80.02</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2021-02-23</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>9464</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F2"/>
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            <expirationDate>
                <value>2028-03-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>9464.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
                    <value>9466</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        <derivativeTransaction>
            <securityTitle>
                <value>Stock Appreciation Rights</value>
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                <value>71.67</value>
            </conversionOrExercisePrice>
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                <value>2021-02-23</value>
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                <transactionCode>M</transactionCode>
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                    <value>6575</value>
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                    <value>0</value>
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                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F3"/>
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            <expirationDate>
                <value>2029-03-20</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>6575.0</value>
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                <sharesOwnedFollowingTransaction>
                    <value>19725</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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    <footnotes>
        <footnote id="F1">The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.70 to $85.92, inclusive. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.</footnote>
        <footnote id="F2">The stock appreciation rights issued pursuant to the Fourth Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan, as amended (the &quot;LTIP&quot;), vest in four equal annual installments beginning on March 16, 2019.</footnote>
        <footnote id="F3">The stock appreciation rights issued pursuant to the LTIP vest in four equal annual installments beginning on March 16, 2020.</footnote>
    </footnotes>

    <remarks>Executive Vice President, Chief Commercial Officer</remarks>

    <ownerSignature>
        <signatureName>Margaret C. Egan, Attorney-in-fact</signatureName>
        <signatureDate>2021-02-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
