Form 4: Marriott Vacations Worldwide Executive Acquires Shares and Stock Appreciation Rights
SEC Form 4 Filing
Michael E. Yonker, an executive at Marriott Vacations Worldwide, reported acquiring shares and stock appreciation rights in the company.
Summary
- On February 29, 2024, Michael E. Yonker, Executive Vice President and Chief Human Resources and Global Communications Officer at Marriott Vacations Worldwide Corp, acquired 2,426 shares of common stock at $0.
- Following the transaction, Yonker directly owns 11,349 shares of common stock.
- Yonker also acquired 4,049 stock appreciation rights (SARs) with an exercise price of $93.73 on February 29, 2024.
- These SARs vest in four equal installments starting February 15, 2025, and expire on February 28, 2034.
- After the transaction, Yonker directly owns 4,049 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, neither particularly positive nor negative.
Positives
- An executive increasing their holdings in the company can be seen as a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: acquisition of common stock and stock appreciation rights. |
| 02/15/2025 | First vesting date for the stock appreciation rights. |
| 02/28/2034 | Expiration date for the stock appreciation rights. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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