Hilton Grand Vacations Inc. — Form 8-K

Hilton Grand Vacations Inc. executed a Master Confirmation dated October 30, 2026 with Deutsche Bank AG (London Branch) for an Uncollared Accelerated Share Repurchase (ASR) program. The agreement establishes the framework for one or more individual transactions, with specific terms (prepayment amount, number of initial shares, calculation periods, termination dates, and other deal parameters) to be documented in future Supplemental Confirmations. No specific transaction amounts, share counts, or dates are specified in this master document—only the legal and operational structure. Key mechanics: Deutsche Bank will deliver initial shares upfront; HGV pays a prepayment amount; settlement occurs via VWAP averaging over a calculation period; dealer has acceleration rights; shares settle physically or (if negative) via cash/net share settlement. The agreement incorporates 2002 ISDA Equity Derivatives Definitions and includes extensive representations, covenants, and disruption provisions.