Form 4: Marriott International Director Margaret M. McCarthy Reports Acquisition of Class A Common Stock
SEC Form 4 Filing
Director Margaret M. McCarthy reports acquisition of 837 shares of Marriott International Class A Common Stock through a deferred stock compensation plan.
Summary
- On May 13, 2024, Margaret M. McCarthy, a director of 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, McCarthy directly owns 7,752 shares of Class A Common Stock-Dir. Def. Stock Comp Plan-1 and 2,000 shares of Class A Common Stock.
- The shares from the deferred stock compensation plan will vest on a daily pro-rata basis over the twelve (12) month period following the grant and be distributed following termination of service as a Board member.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a routine transaction. The director's acquisition of shares could be seen as a positive sign, but it's part of a pre-arranged compensation plan.
Positives
- The acquisition of shares by a director may signal confidence in the company's future performance.
Future Outlook
The shares will vest on a daily pro-rata basis over the twelve (12) month period following the grant and be distributed following termination of service as a Board member.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, which is common in the hospitality industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals insider confidence.
- The transaction has a minor positive impact on employees as it signals insider confidence.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Acquisition of Class A Common Stock |
| 05/14/2024 | Date of signature for the Form 4 filing |
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