Form 4: Marriott International Director Eric Hippeau Sells 1,400 Shares

Director Eric Hippeau reported selling 1,400 shares of Marriott International (MAR) stock at an average price of $251.19 on March 13, 2024.

Summary

• On March 13, 2024, Eric Hippeau, a director of Marriott International, sold 1,400 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $251.19 per share.
• The price range for the shares sold was between $251.12 and $251.21.
• Following the transaction, Hippeau directly owns 72 shares of Class A Common Stock.
• Hippeau also owns 39,814 shares of Class A Common Stock through a Deferred Stock Compensation Plan.

Sentiment

Score: 5

Explanation: This is a neutral event. A director selling shares doesn't necessarily indicate a negative outlook, as it could be for personal financial reasons. It's a routine transaction that requires disclosure.

Industry Context

This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock, and these transactions are reported to the SEC to ensure transparency.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates