Form 4: Marriott Director Gifts Shares to Family, Trusts

David S. Marriott, a director and 13D Group member of Marriott International, reported gifting Class A Common Stock to family members and trusts.

Summary

• David S. Marriott, a Director and member of a 13D Group owning over 10% of Marriott International, reported changes in beneficial ownership.
• On December 4, 2025, Marriott directly gifted 488 shares of Class A Common Stock.
• Additionally, 122 shares were acquired indirectly by Child 1, 122 shares by Child 2, 122 shares by Trustee 3 of a trust for his child, and 122 shares by Trustee 4 of a trust for his child, all via gifts.
• Following these transactions, Marriott directly owns 596,416 shares of Class A Common Stock and 1,224 shares in a Director Deferred Stock Compensation Plan.
• Indirect beneficial ownership includes significant holdings through various trusts and family members, totaling 24,399,774 shares.
• The reporting person disclaims beneficial ownership of reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction where a director gifted shares, which is a common personal financial management activity and does not reflect directly on the company's operational performance or future outlook.

Positives

• Director David S. Marriott maintains substantial direct and indirect beneficial ownership in Marriott International, indicating continued alignment with shareholder interests.

Negatives

• David S. Marriott directly disposed of 488 shares of Class A Common Stock via gift.

Future Outlook

NA

Management Comments

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

Industry Context

NA

Related Party Transactions

• Gifts of Class A Common Stock to Child 1, Child 2, Trustee 3 of a trust for his child, and Trustee 4 of a trust for his child.

Stakeholder Impact

• Shareholders may note the continued substantial beneficial ownership of Class A Common Stock by Director David S. Marriott, aligning his interests with the company's long-term performance.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions involving the gifting of shares by a director. Such transactions are common for personal financial planning and do not provide new information that would fundamentally alter the investment thesis for Marriott International. The director maintains substantial beneficial ownership, indicating continued alignment with the company's long-term interests. Therefore, a "hold" recommendation is appropriate as this filing does not present a catalyst for a change in investment strategy.

Keywords

Marriott, MAR, David S. Marriott, insider transaction, Form 4, beneficial ownership, stock gift, director, Class A Common Stock