Form 4: Marriott International EVP & General Counsel Acquires Restricted Stock Units and Stock Appreciation Rights

Rena Hozore Reiss, EVP & General Counsel of Marriott International, reports acquisition of restricted stock units and stock appreciation rights.

Summary

• On February 14, 2025, Rena Hozore Reiss, the EVP & General Counsel of Marriott International, acquired 2,772 Class A Common Restricted Stock Units at a price of $286.82.
• These RSUs will vest in three equal annual installments starting February 15, 2026.
• Reiss also acquired 8,388 Stock Appreciation Rights (SARs) settled in Class A Common Stock, also at a price of $286.82.
• These SARs will vest in three equal installments beginning on February 15, 2026, and annually thereafter.
• Following these transactions, Reiss directly owns 9,970 Class A Common Restricted Stock Units and 29,627 Class A Common Stock.
• Reiss also directly owns 8,388 Stock Appreciation Rights.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the acquisition of stock by an executive is generally seen as a sign of confidence in the company's future.

Positives

• The acquisition of restricted stock units and stock appreciation rights by a high-ranking executive signals confidence in the company's future performance.
• The vesting schedules for both RSUs and SARs align the executive's interests with the long-term success of the company.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedule of the acquired securities suggests a multi-year commitment from the executive.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. Acquisitions of company stock by executives are generally viewed positively.

Comparison to Industry Standards

• Stock grants and options are a common form of executive compensation in the hospitality industry.
• Vesting schedules are typically structured to incentivize long-term performance, often over a 3-5 year period.
• Comparing the size of these grants to those of executives at comparable companies like Hilton or Hyatt would provide further context.

Stakeholder Impact

• Shareholders may view the executive's stock acquisition as a positive signal.
• Employees may see it as a sign of stability and confidence in the company's leadership.

Key Dates

Keywords

Stock Appreciation Rights, Restricted Stock Units, Beneficial Ownership, Form 4, Marriott International, Insider Trading