Form 4: Marriott International Director Harrison Reports Acquisition of 837 Shares

Director Deborah Marriott Harrison reports acquiring 837 shares of Marriott International Class A Common Stock through a deferred stock compensation plan.

Summary

• On May 13, 2024, Deborah Marriott Harrison, a director at Marriott International, acquired 837 shares of Class A Common Stock through a deferred stock compensation plan.
• The price per share was $0.00.
• Following the transaction, Harrison directly owns 51,415 shares of Class A Common Stock.
• Harrison also has indirect ownership through various trusts and entities, including 9,100 shares in a 2021 Trust, 2,220 shares held by spouse, 20,160 shares held by spouse, 240,000 shares held by Generations Trust, 11,910 shares held by Grandchildren Multi-Trust, 22,027,118 shares held by JWM Family Enterprises, 70,203 shares held by JWM III Trustee 1, 60,636 shares held by JWM III Trustee 2, 48,327 shares held by JWM III Trustee 3, 251,000 shares held by JWM Insurance Trust, 34,920 shares held by MCH Investments, LLC, 57,420 shares held by MCH Irrev. Trust, 90,561 shares held by SMH Investments, LLC, 12,658 shares held by SMH Irrev. Trust, and 245,210 shares held by The Harrison Generation Trust.
• The shares acquired through the deferred stock compensation plan will vest on a daily pro-rata basis over the twelve-month period following the grant and be distributed on the one-year anniversary of the grant.
• Harrison disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a routine disclosure of stock acquisition by a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Management Comments

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

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies like Marriott International. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by executives and directors at comparable companies like Hilton and Hyatt, reflecting their ownership and transactions in company stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of shares by a director.
• It provides transparency to shareholders regarding insider ownership.

Key Dates