Form 4: Marriott International Director Horacio Rozanski Reports Acquisition of Stock and Stock Appreciation Rights

Director Horacio Rozanski reports acquisition of Marriott International stock and stock appreciation rights (SARs) as part of deferred stock compensation and board retainer fees.

Summary

• On May 12, 2025, Horacio Rozanski, a director of Marriott International, acquired 868 shares of Class A Common Stock through a deferred stock compensation plan at a price of $0.00 per share.
• Following this transaction, Rozanski directly owns 5,183 shares of Class A Common Stock.
• Rozanski also acquired 875 Stock Appreciation Rights (SARs) as a board retainer fee, with an exercise price of $271.03.
• These SARs are fully vested and exercisable one year after the grant date, expiring on May 12, 2035.
• The SARs are based on 875 shares of Class A Common Stock.
• Following the transaction, Rozanski directly owns 875 SARs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of stock and SARs suggests confidence in the company, but it's a routine transaction.

Positives

• The acquisition of stock and SARs by a director signals confidence in the company's future performance.
• The deferred stock compensation plan aligns the director's interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the shares suggests a continued relationship between the director and the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation and equity ownership of company directors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units.
• The vesting schedule and terms of the SARs are typical for director compensation in similar large corporations.
• Companies like Hilton and Hyatt also utilize stock-based compensation to align director and shareholder interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Stock Appreciation Rights, Deferred Stock Compensation, Director, Form 4, Marriott International, Rozanski, SARs, Stock