Form 4: Marriott Vacations Worldwide Executive Brian E. Miller Reports Stock and Derivative Transactions
SEC Form 4 Filing
Brian E. Miller, President of Vacation Ownership at Marriott Vacations Worldwide, reports acquisition of common stock and stock appreciation rights.
Summary
- On February 29, 2024, Brian E. Miller, President of Vacation Ownership at Marriott Vacations Worldwide Corp, reported transactions involving the company's securities.
- Miller acquired 6,066 shares of common stock at $0 and disposed of 39,621 shares.
- Following these transactions, Miller directly owns 39,621 shares of common stock.
- Miller also acquired 10,122 stock appreciation rights (SARs) with an exercise price of $93.73.
- These SARs vest in four equal installments starting February 15, 2025, and expire on February 28, 2034.
- After the transaction, Miller directly owns 10,122 stock appreciation rights.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | First vesting date for stock appreciation rights. |
| 02/28/2034 | Expiration date for stock appreciation rights. |
| 02/29/2024 | Date of the reported transactions. |
| 03/04/2024 | Date of signature for the report. |
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