Form 4: Marriott International CEO Anthony Capuano Reports Stock Transactions
SEC Form 4 Filing
Anthony Capuano, President & CEO of Marriott International, reports the withholding of shares to cover taxes associated with vesting of Restricted Stock Units (RSUs) and Performance Share Units (PSUs).
Summary
- On February 18, 2025, Anthony Capuano, the President & CEO of Marriott International, reported transactions involving Class A Common Stock.
- The transactions involved the withholding of 8,385 shares to cover taxes associated with the vesting of Restricted Stock Units (RSUs) at a price of $285.09.
- Additionally, 29,704 shares were withheld to cover taxes associated with the vesting of Performance Share Units (PSUs) at a price of $285.09.
- Following these transactions, Capuano directly owns 32,239 shares of Class A Common Restricted Stock Units and 136,067 shares of Class A Common Stock.
- He also indirectly owns 1,913.636 shares through a 401(k) account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units (RSUs), and performance share units (PSUs) to align management's interests with those of shareholders.
- The vesting and subsequent tax withholding of shares are standard practices in executive compensation.
- Companies like Hilton and Hyatt also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that executives' interests are aligned with theirs through equity-based compensation.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of the reported transactions (withholding of shares for taxes on vesting RSUs and PSUs). |
| 02/20/2025 | Date of signature by Attorney-in-Fact, Andrew P.C. Wright. |
Keywords
Marriott International, Anthony Capuano, Stock Transactions, Form 4, RSUs, PSUs, Beneficial Ownership, Director, Officer
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