Form 4: Marriott International Director Susan C. Schwab Reports Acquisition of Class A Common Stock
SEC Form 4 Filing
Director Susan C. Schwab reported the acquisition of 837 shares of Marriott International Class A Common Stock through a deferred stock compensation plan.
Summary
- On May 13, 2024, Susan C. Schwab, a director of Marriott International, acquired 837 shares of Class A Common Stock through a deferred stock compensation plan.
- The price per share was $0.0000.
- Following the transaction, Schwab directly owns 9,502 shares of Class A Common Stock-Dir. Def. Stock Comp Plan-1 and 5,605 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: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally viewed as a positive sign, indicating confidence in the company. However, since it's part of a compensation plan, the impact is moderate.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The shares acquired through 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.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's continued investment in Marriott International.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it reflects a director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Susan C. Schwab acquired 837 shares of Class A Common Stock. |
| 05/14/2024 | Date of signature: Andrew P.C. Wright, Attorney-in-Fact, signed the document. |
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