Principal Global Investors Reports 9.4% Stake in Hyatt Hotels Corp

Executive Summary

On October 29, 2026, Principal Global Investors, alongside Principal Real Estate Investors, LLC and Principal Funds, Inc., filed Amendment No. 4 to Schedule 13G reporting their beneficial ownership in Hyatt Hotels Corp (CIK: 0001468174).

Key Ownership Details

• Security: Class A Common Stock (CUSIP: 448579102)
• Aggregate Beneficial Ownership: 3,895,754 shares (~9.4% of the class)
• Voting and Dispositive Power:
  • Sole Voting/Dispositive Power: 0 shares
  • Shared Voting/Dispositive Power:
    • Principal Global Investors: 3,112,309 shares (7.5%)
    • Principal Real Estate Investors, LLC: 783,445 shares (1.9%)
    • Principal Funds, Inc.: 2,139,297 shares (5.1%)
• Specific Fund Disclosures: As of September 30, 2026, the Principal MidCap Fund directly held 2,139,297 shares, representing 5.1% of the class.

Investment Intent & Market Impact

• Passive Intent: Filed under Rule 13d-1(b), certifying that the securities were acquired and are held in the ordinary course of business without the purpose or effect of changing or influencing the control of the issuer.
• Significance: This is a routine periodic amendment reflecting passive institutional portfolio rebalancing, representing low immediate trading significance for the market.