Form 4: Marriott International Director Aylwin B. Lewis Acquires Additional Shares Through Stock Compensation Plan
SEC Form 4 Filing
Director Aylwin B. Lewis increased his holdings in Marriott International through a deferred stock compensation plan, acquiring 14.862 shares of Class A Common Stock at $243.91 per share.
Summary
- On June 28, 2024, Aylwin B. Lewis, a director of Marriott International, acquired 14.862 shares of Class A Common Stock through the company's deferred stock compensation plan.
- The acquisition price was $243.91 per share.
- Following the transaction, Lewis directly owns 11,752.052 shares of Class A Common Stock and 9,068 shares of Class A Common Stock.
- The shares acquired through the deferred stock compensation plan are fully vested but will be distributed following termination of service as a Board member.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance for the company.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The document does not contain specific forward-looking statements regarding Marriott International's future performance.
Industry Context
This filing is a routine disclosure of a director's stock acquisition, which is common in publicly traded companies. It reflects part of the director's compensation package and aligns their interests with those of the shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on stakeholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Aylwin B. Lewis acquired shares of Class A Common Stock. |
| 06/30/2024 | Date of signature on the report. |
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