Form 4: Marriott International EVP & CFO Kathleen K. Oberg Reports Acquisition of Restricted Stock Units and Stock Appreciation Rights

Kathleen K. Oberg, EVP & CFO of Marriott International, reports the acquisition of restricted stock units and stock appreciation rights, along with adjustments to her holdings of Class A Common Stock.

Summary

• Kathleen K. Oberg, the EVP & CFO of Marriott International, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• On February 14, 2025, Oberg acquired 4,707 Class A Common Restricted Stock Units at a price of $286.82.
• She also acquired 14,244 Stock Appreciation Rights (SARs) tied to Class A Common Stock, also at a price of $286.82.
• The Restricted Stock Units (RSUs) will vest in three equal annual installments starting February 15, 2026.
• The Stock Appreciation Rights (SARs) also vest in three equal installments beginning on February 15, 2026, and are settled in Class A Common Stock.
• Following the reported transactions, Oberg directly owns 31,696.849 shares of Class A Common Stock.
• She also indirectly owns 128.177 shares through a 401(k) account and 3,364 shares jointly with her spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and insider ownership, which can be seen as a positive sign of alignment with shareholder interests.

Positives

• The acquisition of RSUs and SARs aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs and SARs.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's confidence in the company's prospects. The acquisition of equity-based compensation is a common practice in the hospitality industry to align executive compensation with shareholder value.

Comparison to Industry Standards

• Equity compensation practices vary across the hospitality industry, but RSUs and SARs are common tools.
• Comparable companies like Hilton and Hyatt also utilize similar equity-based compensation plans for their executives.
• The vesting schedules and amounts granted are generally aligned with industry benchmarks for executive compensation.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding executive compensation and ownership.
• The vesting schedule of the RSUs and SARs may incentivize the executive to focus on long-term value creation, benefiting shareholders.

Key Dates