Form 4: Marriott Vacations Worldwide CEO John E. Geller Jr. Reports Changes in Beneficial Ownership
SEC Filing Form 4
John E. Geller Jr., CEO of Marriott Vacations Worldwide, filed a Form 4 detailing changes in his beneficial ownership of company stock due to tax liability and transfers to revocable trusts and retirement accounts.
Summary
- On February 18, 2025, John E. Geller Jr., the CEO of Marriott Vacations Worldwide, reported changes in his beneficial ownership of the company's common stock.
- 3,731 shares were withheld by the company to cover tax liabilities at a price of $87.26 per share.
- There was a change in the form of beneficial ownership of 21,680 shares from direct to indirect via the John E. Geller Jr. Revocable Trust.
- Additionally, 2,150 shares were transferred from direct to indirect ownership through retirement accounts.
- Following these transactions, Geller directly owns 28,858 shares, and indirectly owns 33,107 shares through the Shannon H. Geller Revocable Trust, 58,311 shares through the John E. Geller, Jr. Revocable Trust, and 2,150 shares through Retirement Accounts.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions described are typical for corporate insiders. There is no inherent positive or negative sentiment associated with the information.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions involving the company's stock.
Stakeholder Impact
- The changes in beneficial ownership have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of the reported transactions (stock withholding and transfer of ownership). |
| 02/20/2025 | Date of signature by Attorney-In-Fact. |
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