Form 4: Marriott International EVP & CFO Kathleen K. Oberg Reports Acquisition of Shares from Performance-Based Units

Kathleen K. Oberg, EVP & CFO of Marriott International, reports the acquisition of 14,020 shares of Class A Common Stock following the vesting of performance-based units.

Summary

• Kathleen K. Oberg, EVP & CFO of Marriott International, filed a Form 4 on February 12, 2025.
• The report details the acquisition of 14,020 shares of Class A Common Stock.
• These shares were earned in connection with performance-based units granted on February 17, 2022.
• The shares vested on February 12, 2025, following certification by the issuer's compensation committee.
• Following the transaction, Oberg directly owns 31,696.849 shares of Class A Common Stock.
• Oberg also indirectly owns 128.177 shares in a 401(k) account and 3,364 shares jointly with her spouse.

Sentiment

Score: 7

Explanation: The document reflects a positive event (vesting of performance-based units) and insider confidence (stock acquisition), but it's a routine filing.

Positives

• The vesting of performance-based units indicates that performance objectives were met, which is a positive sign for the company.
• The acquisition of shares by a key executive demonstrates confidence in the company's future performance.

Industry Context

Executive stock ownership is a common practice in publicly traded companies and is often used to align the interests of management with those of shareholders.

Stakeholder Impact

• The vesting of performance-based units and subsequent stock acquisition can positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Marriott International, Kathleen K. Oberg, EVP & CFO, Stock, Performance-Based Units, Beneficial Ownership, Vesting