Form 4: Marriott Vacations Worldwide Executive Sells Shares to Cover Tax Obligations

Stephanie Sobeck Butera, an executive at Marriott Vacations Worldwide, sold 55 shares of common stock to cover tax liabilities.

Summary

• Stephanie Sobeck Butera, an Executive Vice President and Chief Operating Officer at Hyatt Vacation Ownership, sold 55 shares of Marriott Vacations Worldwide common stock on December 16, 2024.
• The sale was executed at a price of $94.89 per share.
• The shares were sold to cover tax liabilities related to stock awards.
• Following the transaction, Ms. Butera directly owns 6,092 shares of Marriott Vacations Worldwide common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Management Comments

• The shares were withheld by the Company for the payment of tax liability.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Similar transactions are frequently seen in filings from other hospitality and vacation ownership companies such as Hilton Grand Vacations and Wyndham Destinations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale by an executive for tax purposes.

Key Dates

Keywords

Marriott Vacations Worldwide, stock sale, insider trading, executive, tax liability, common stock, Hyatt Vacation Ownership