Form 4: Marriott Vacations Worldwide CFO Jason Marino Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President and Chief Financial Officer of Marriott Vacations Worldwide, Jason P Marino, reports acquisition and disposal of common stock and stock appreciation rights.
Summary
- Jason P Marino, Executive Vice President and Chief Financial Officer of Marriott Vacations Worldwide, filed a Form 4.
- The report details transactions involving common stock and stock appreciation rights.
- On February 29, 2024, Marino acquired 5,546 shares of common stock at $0 and disposed of 15,151 shares.
- Following these transactions, Marino beneficially owns 15,151 shares of common stock.
- Additionally, Marino acquired 9,254 stock appreciation rights with an exercise price of $93.73 on February 29, 2024.
- These rights vest in four equal installments starting February 15, 2025, and expire on February 28, 2034.
- After the transaction, Marino directly owns 9,254 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of common stock and stock appreciation rights transactions |
| 02/15/2025 | Start date for vesting of stock appreciation rights |
| 02/28/2034 | Expiration date of stock appreciation rights |
| 03/04/2024 | Date of signature for the report |
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