Form 4: Marriott Director Sells 70,000 Shares in Pre-Planned Trade

Deborah Marriott Harrison, a director at Marriott International, sold 70,000 shares of Class A Common Stock for a weighted average price of $291.63 per share.

Summary

• Deborah Marriott Harrison, a Director and Member of a 13(d) group at Marriott International Inc. (MAR), executed a transaction on November 11, 2025.
• The transaction involved the sale of 70,000 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $291.63 per share, with individual sales ranging from $291.40 to $292.35.
• This sale was conducted directly by the reporting person and was made pursuant to a Rule 10b5-1(c) plan.
• Following the transaction, Deborah Marriott Harrison directly beneficially owns 39,512 shares of Class A Common Stock and 2,160 shares in a Director Deferred Stock Compensation Plan.
• Indirect beneficial ownership includes significant holdings through various trusts and entities, such as The Harrison Generation Trust (175,210 shares), 2024 Trust (17,700 shares), 1974 Trust (695,861 shares), Generations Trust (240,000 shares), Grandchildren Multi-Trust (15,878 shares), JWM Family Enterprises (22,027,118 shares), and others.

Sentiment

Score: 5

Explanation: The sale of shares by a director, even under a Rule 10b5-1 plan, is generally perceived as neutral to slightly negative by the market, though the high sale price reflects a strong current valuation for the company.

Positives

• The transaction was executed at a strong market valuation, with a weighted average sale price of $291.63 per share.
• The sale was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction for portfolio diversification or liquidity rather than a reaction to new negative company-specific information.

Negatives

• A director's sale of a significant number of shares (70,000) could be perceived by some investors as a potential lack of confidence, even when pre-planned.

Risks

• Market misinterpretation of insider selling, even when conducted under a Rule 10b5-1 plan, could lead to negative sentiment or short-term stock price fluctuations.
• The complex structure of indirect beneficial ownership through numerous trusts and entities may present challenges in fully assessing the reporting person's total economic interest and control.

Future Outlook

N/A

Industry Context

This transaction represents an individual director's portfolio management decision and does not directly reflect broader industry trends. However, the high sale price suggests a robust valuation for Marriott International within the hospitality sector at the time of the transaction.

Related Party Transactions

• The reporting person holds significant indirect beneficial ownership through various family trusts and entities, including The Harrison Generation Trust, 2024 Trust, 1974 Trust, Generations Trust, Grandchildren Multi-Trust, JWM Family Enterprises, JWM III Trustee 1, 2, and 3, JWM Insurance Trust, MCH Investments, LLC, MCH Irrev. Trust, SMH Investments, LLC, SMH Irrev. Trust, and by spouse. The reporting person disclaims beneficial ownership of these reported securities except to the extent of her pecuniary interest therein.

Stakeholder Impact

• Shareholders may interpret the director's sale differently; some might view it as a routine portfolio adjustment due to the 10b5-1 plan, while others might perceive it as a negative signal, potentially influencing short-term trading decisions.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this specific insider transaction filing.

Key Dates

Keywords

Marriott International, MAR, Insider Trading, Form 4, Stock Sale, Director, Beneficial Ownership, 10b5-1 Plan, Equity Securities