Form 4: Marriott Vacations Worldwide Executive Vice President Michael E. Yonker Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Michael E. Yonker of Marriott Vacations Worldwide Corp. reported the acquisition and disposal of company stock and stock appreciation rights.
Summary
- Michael E. Yonker, an Executive Vice President at Marriott Vacations Worldwide, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 22, 2024, Mr. Yonker acquired 478 shares of common stock at a price of $77.42 per share.
- On the same day, 185 shares were disposed of at $93.55 per share to cover tax liabilities.
- Mr. Yonker also reported the acquisition of 2,773 stock appreciation rights with an exercise price of $77.42, which vest over four years starting February 15, 2016.
- Following these transactions, Mr. Yonker directly owns 11,642 shares of Marriott Vacations Worldwide common stock and 0 stock appreciation rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of insider transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
- The transactions reported are typical for executive compensation and tax liability management.
- Similar filings are made by executives at companies like Hilton Grand Vacations and Wyndham Destinations, which are competitors in the timeshare and vacation ownership industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/15/2016 | Start date for vesting of stock appreciation rights. |
| 11/22/2024 | Date of stock and stock appreciation rights transactions. |
| 11/25/2024 | Date of filing of the Form 4. |
| 03/02/2025 | Expiration date of the stock appreciation rights. |
Keywords
Marriott Vacations Worldwide, stock transactions, Form 4, insider trading, stock appreciation rights, executive compensation, beneficial ownership
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