Form 4: Marriott Vacations Worldwide Corp: Executive John E. Geller Jr. Reports Stock Transactions
SEC Form 4 Filing
John E. Geller Jr., a director and officer of Marriott Vacations Worldwide Corp, reports the acquisition and disposal of common stock and stock appreciation rights.
Summary
- On February 28, 2025, John E. Geller Jr. exercised stock appreciation rights, acquiring 9,076 shares of common stock at a price of $77.42.
- He also disposed of 9,051 shares to cover tax liabilities at a price of $77.84.
- Following these transactions, Geller directly owns 23,232 shares and indirectly owns 63,962 shares through the John E. Geller, Jr. Revocable Trust, 33,107 shares through the Shannon H. Geller Revocable Trust and 2,150 shares through retirement accounts.
- The report also indicates a change in the form of beneficial ownership of 5,651 shares from direct to indirect via the John E. Geller Jr. Revocable Trust on February 20, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions without indicating any positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2016 | Start date for vesting of stock appreciation rights in four equal installments over four years. |
| 02/20/2025 | Change in beneficial ownership of 5,651 shares from direct to indirect via the John E. Geller Jr. Revocable Trust. |
| 02/28/2025 | Exercise of stock appreciation rights and disposal of shares for tax liability. |
| 03/02/2025 | Expiration date of stock appreciation rights. |
| 03/04/2025 | Date of the report filing. |
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