Form 4: Marriott International EVP & CFO Kathleen K. Oberg Reports Stock Transactions
SEC Form 4 Filing
Kathleen K. Oberg, EVP & CFO of Marriott International, reports the withholding of shares to cover taxes associated with the vesting of restricted stock units (RSUs) and performance stock units (PSUs).
Summary
- Kathleen K. Oberg, the EVP & CFO of Marriott International, filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, shares were withheld by the company to cover taxes associated with the vesting of 2,835 restricted stock units (RSUs) at a price of $285.09.
- Additionally, shares were withheld to cover taxes associated with the vesting of 6,246 performance stock units (PSUs) at a price of $285.09 on the same date.
- Following these transactions, Oberg directly owns 29,305 Class A Common Restricted Stock Units and 28,779.849 Class A Common Stock.
- Oberg also indirectly owns 128.177 Class A Common Stock through a 401(k) account and 3,364 Class A Common Stock jointly with her spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of stock-based compensation and the subsequent withholding of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of the stock transactions (withholding of shares for taxes). |
| 02/20/2025 | Date of signature by Attorney-in-Fact, Andrew P.C. Wright. |
Keywords
Form 4, Beneficial Ownership, Kathleen K. Oberg, Marriott International, Stock Transactions, RSUs, PSUs, EVP & CFO
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