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 acquisition and disposition of Class A Common Stock and the exercise of Stock Appreciation Rights on November 11, 2024.
Summary
- Kathleen K. Oberg, the EVP & CFO of Marriott International, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On November 11, 2024, Oberg acquired 14,980 shares of Class A Common Stock at $282.37 per share and 7,069 shares at $282.42 per share.
- On the same day, she disposed of 4,170 shares at $283.3 per share.
- She also disposed of 5,713 shares and 12,166 shares to cover the exercise price and tax obligations related to Stock Appreciation Rights (SARs).
- Oberg exercised 7,069 Stock Appreciation Rights (SARs) with an exercise price of $177.55 and 14,980 Stock Appreciation Rights (SARs) with an exercise price of $179.75.
- Following these transactions, Oberg directly owns 20,036.849 shares of Class A Common Stock, 30,762 Class A Common Restricted Stock Units, 127.996 shares indirectly through a 401(k) account, and 3,364 shares jointly with her spouse.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date for 14,980 Stock Appreciation Rights, vesting in three equal annual installments beginning on the first anniversary. |
| 02/16/2023 | Grant date for 7,069 Stock Appreciation Rights, vesting in three equal annual installments beginning on the first anniversary. |
| 11/11/2024 | Date of stock acquisitions, disposals, and SAR exercises. |
| 11/12/2024 | Date of the Form 4 filing. |
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