Form 4: Marriott International Director David S. Marriott Reports Share Transactions

David S. Marriott, a director at Marriott International, reported a series of transactions involving Class A Common Stock, including acquisitions and holdings through various trusts.

Summary

• David S. Marriott, a director at Marriott International, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The transactions include the acquisition of 142 shares of Class A Common Stock at $0.00, along with holdings in various trusts and direct ownership.
• Mr. Marriott's holdings include direct ownership of 596,184 shares and indirect holdings through multiple trusts, including those for his spouse, descendants, and other family entities.
• The report also details holdings of restricted stock units and shares in a deferred stock compensation plan.
• The total indirect holdings amount to millions of shares, reflecting significant family and trust-related ownership.
• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would significantly impact sentiment. It is a neutral disclosure of transactions.

Positives

• The report shows a significant level of ownership by a director, indicating a strong alignment of interests with shareholders.
• The acquisition of additional shares, even at $0.00, suggests continued investment in the company.

Management Comments

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

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Marriott International. It provides transparency into the ownership structure and trading activities of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and Marriott's filing is consistent with these requirements.
• The level of detail provided, including the breakdown of direct and indirect holdings, is typical for such filings.
• The use of trusts for holding shares is a common practice among high-net-worth individuals and corporate insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of a key director.
• The transactions do not appear to have any immediate impact on other stakeholders.

Key Dates

Keywords

Marriott International, David S. Marriott, Form 4, Beneficial Ownership, Class A Common Stock, Director, Trusts, Share Transactions, Restricted Stock Units, Deferred Stock Compensation