Form 4: Marriott International EVP Benjamin T. Breland Reports Changes in Beneficial Ownership
SEC Form 4
Benjamin T. Breland, EVP & Chief HR Officer of Marriott International, reports changes in beneficial ownership of company stock due to the vesting of restricted stock units and associated tax withholding.
Summary
- On September 16, 2024, Benjamin T. Breland, EVP & Chief HR Officer of Marriott International, reported changes in beneficial ownership of Marriott International stock.
- The changes involve the vesting of Class A Common Restricted Stock Units and the withholding of shares by the company to cover taxes associated with the vesting.
- Specifically, 753 shares were withheld at a price of $233.83 per share.
- Following the transaction, Breland directly owns 13,583 shares of Class A Common Restricted Stock Units and 12,785.527 shares of Class A Common Stock.
- Breland also indirectly owns 1,214.185 shares of Class A Common Stock through a 401(k) account.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It has minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Date of the transaction involving restricted stock units and tax withholding. |
| 09/18/2024 | Date of signature by Attorney-in-Fact. |
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