Form 4: Marriott International Executive William P. Brown Reports Stock Transactions
SEC Form 4
William P. Brown, Group President, US and Canada at Marriott International, reports the acquisition and disposal of Class A Common Stock and the exercise of Stock Appreciation Rights.
Summary
- On February 21, 2025, William P. Brown, Group President, US and Canada at Marriott International, engaged in multiple transactions involving Marriott's Class A Common Stock.
- Brown acquired 16,050 shares at $284.94 and 9,980 shares at $285.23.
- He disposed of 8,033 shares to cover the exercise price and tax obligations related to stock appreciation rights (SARs) at $285.23.
- He sold 12,642 shares at an average price of $285.63.
- An additional 12,987 shares were disposed of to cover the exercise price and tax obligations related to SARs at $284.94.
- On February 24, 2025, 266 shares were gifted.
- Brown also exercised stock appreciation rights (SARs) converting them into Class A Common Stock.
- Following these transactions, Brown directly owns 17,666 shares of Class A Common Stock and 7,529 Restricted Stock Units.
Sentiment
Score: 5
Explanation: Neutral. This is a standard Form 4 filing reflecting routine transactions. There's no indication of unusual or concerning activity.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking to understand management's perspective on the company's stock.
Comparison to Industry Standards
- Insider trading activity is common across publicly listed companies.
- Monitoring these transactions helps investors gauge sentiment and potential future performance relative to peers like Hilton, Hyatt, and InterContinental Hotels Group.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Grant date of some Stock Appreciation Rights, vesting in three equal annual installments beginning on the first anniversary. |
| 02/16/2023 | Grant date of some Stock Appreciation Rights, vesting in three equal annual installments beginning on the first anniversary. |
| 02/21/2025 | Date of multiple transactions including acquisition and disposal of shares and exercise of Stock Appreciation Rights. |
| 02/24/2025 | Date of gift of 266 shares. |
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