Form 4: Marriott International EVP & CFO, Kathleen K. Oberg, Reports Stock Sale

Kathleen K. Oberg, EVP & CFO of Marriott International, sold 2,360 shares of Class A Common Stock at $285.41 per share on November 11, 2024.

Summary

• Kathleen K. Oberg, the Executive Vice President and Chief Financial Officer of Marriott International, filed a Form 4 indicating a change in beneficial ownership of the company's stock.
• On November 11, 2024, Ms. Oberg sold 2,360 shares of Class A Common Stock at a price of $285.41 per share.
• Following the transaction, Ms. Oberg's direct holdings of Class A Common Stock decreased, but she still holds a significant number of shares directly and indirectly through a 401(k) account and jointly with her spouse.
• The reported amount of securities beneficially owned following the transaction was initially overstated due to a technical issue in the reporting software, with the actual amount being 17,676.8490 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock sale by an executive. It does not inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• The reporting requirements are consistent across all companies, ensuring transparency in insider trading activities.
• Similar filings are made by executives at other hospitality companies such as Hilton and Hyatt, reflecting similar compliance practices.

Stakeholder Impact

• The stock sale by a high-ranking executive may be of interest to shareholders, but it is a routine transaction and not necessarily indicative of a change in the company's outlook.
• The filing provides transparency to the market regarding insider transactions.

Key Dates

Keywords

Marriott International, Kathleen K. Oberg, Form 4, insider trading, stock sale, beneficial ownership, Class A Common Stock, executive compensation