Form 4: Marriott Director David S. Marriott Reports Stock Sale

David S. Marriott, a director at Marriott International, reported the sale of 2,878 shares of Class A Common Stock on February 28, 2024.

Summary

• On February 28, 2024, David S. Marriott, a director of Marriott International, sold 2,878 shares of Class A Common Stock at a price of $248.94 per share.
• Following the transaction, Mr. Marriott directly owns 596,042 shares of Class A Common Stock.
• He also has indirect ownership through various trusts and entities, including JWM Family Enterprises, JBM Marital Trust, and several generational trusts.
• Mr. Marriott disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director, which is a neutral event.

Management Comments

• The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track the actions of key personnel.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market perception of the transaction.

Key Dates