Form 4: Marriott International Director Acquires Shares Under Deferred Stock Compensation Plan

Director Frederick A. Henderson acquired 837 shares of Marriott International Class A Common Stock under the company's Deferred Stock Compensation Plan on May 13, 2024.

Summary

• On May 13, 2024, Frederick A. Henderson, a director of Marriott International, acquired 837 shares of Class A Common Stock through the company's Deferred Stock Compensation Plan.
• The acquisition price was $0.00 per share.
• Following the transaction, Henderson directly owns 19,046 shares of Marriott International.
• The shares vest on a daily pro-rata basis over twelve months following the grant and will be distributed after termination of service as a Board member.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's increased stake in the company through a standard compensation plan.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Future Outlook

The shares will vest on a daily pro-rata basis over the twelve (12) month period following the grant and be distributed following termination of service as a Board member.

Industry Context

This transaction is a routine part of executive compensation and aligns the director's interests with those of the shareholders.

Comparison to Industry Standards

• Deferred stock compensation is a common practice among publicly traded companies to incentivize and retain board members.
• Companies like Hilton Worldwide Holdings Inc. and Hyatt Hotels Corporation also utilize similar compensation plans for their directors.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates