Marriott general counsel Reiss sells shares at $423.32
The settlement delivered shares for sale at $423.32 each, while other shares were withheld to cover exercise prices and withholding tax obligations.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Marriott International Inc. EVP & General Counsel Rena Hozore Reiss exercised 5,735 stock appreciation rights at $124.79 and 8,000 at $120.16 on November 4, 2026. Those exercises yielded 2,056 and 2,913 Class A shares, respectively, which she sold at $423.32 per share. A further 3,679 and 5,087 shares, respectively, were withheld to pay the exercise price and satisfy withholding tax obligations. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
8 txns
Insider
Reiss Rena Hozore
Role
EVP & General Counsel
Sold
4,969 shs ($2.10M)
Approx. gross sale proceeds
$2.10M
Approx. exercise cost
$1.68M
Share of Position Sold
11.3%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F3 | 8,000 | $423.32 | $3.39M |
| Exercise | Stock Appreciation Rights F4 | 5,735 | $423.32 | $2.43M |
| Exercise | Class A Common Stock | 8,000 | $120.16 | $961K |
| Exercise | Class A Common Stock | 5,735 | $124.79 | $716K |
| Sale | Class A Common Stock | 2,056 | $423.32 | $870K |
| Sale | Class A Common Stock | 2,913 | $423.32 | $1.23M |
| Exercise Price or Tax Liability | Class A Common Stock F1 | 3,679 | $423.32 | $1.56M |
| Exercise Price or Tax Liability | Class A Common Stock F2 | 5,087 | $423.32 | $2.15M |
| Holding | Class A Common - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 12,835 contracts (Direct);
Class A Common Stock — 30,187 shares (Direct);
Class A Common - Restricted Stock Units — 5,181 shares (Direct)
Holdings Before and After:
Stock Appreciation Rights, 26,570 to 12,835 contracts (Direct);
Class A Common Stock, 30,187 to 30,187 shares (Direct)
Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (4)
- F1. The reporting person received a net of 2,056 shares of common stock upon the exercise of 5,735 stock appreciation rights ("SARs"). A total of 3,679 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise.
- F2. The reporting person received a net of 2,913 shares of common stock upon the exercise of 8,000 stock appreciation rights ("SARs"). A total of 5,087 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise.
- F3. SARs, settled in Class A Common Stock and vesting in three equal installments beginning on the first anniversary of the grant date of 03.05.2020.
- F4. SARs, settled in Class A Common Stock and vesting in three equal installments beginning on the first anniversary of the grant date of 03.05.2019.
Key Figures
SARs exercised: 5,735 SARs
Exercise price: $124.79 per SAR
Shares withheld: 3,679 shares
+5 more
8 metrics
SARs exercised
5,735 SARs
Exercised November 4, 2026, at $124.79 per SAR.
Exercise price
$124.79 per SAR
For the exercise of 5,735 SARs on November 4, 2026.
Shares withheld
3,679 shares
Withheld to pay the exercise price and satisfy withholding tax obligations.
SARs exercised
8,000 SARs
Exercised November 4, 2026, at $120.16 per SAR.
Exercise price
$120.16 per SAR
For the exercise of 8,000 SARs on November 4, 2026.
Shares withheld
5,087 shares
Withheld to pay the exercise price and satisfy withholding tax obligations.
Shares sold and sale price
2,056 and 2,913 shares at $423.32 per share
Sales reported on November 4, 2026.
Restricted stock units held
5,181 RSUs
Direct holding reported November 4, 2026.
Key Terms
Stock appreciation rights, withholding tax obligation, Restricted Stock Units, exercise price
4 terms
Stock appreciation rights financial
"exercise of 5,735 stock appreciation rights"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
withholding tax obligation financial
"satisfy the withholding tax obligation"
Restricted Stock Units financial
"Class A Common - Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
exercise price financial
"withheld in payment of the exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Rena Hozore Reiss’s MAR SAR exercise prices and withholding amounts?
She exercised 5,735 SARs at $124.79 and 8,000 SARs at $120.16. The respective exercises yielded 2,056 and 2,913 shares; 3,679 and 5,087 shares, respectively, were withheld to pay the exercise price and satisfy withholding tax obligations.
How did Rena Hozore Reiss’s Marriott SARs vest?
The 8,000 SARs were settled in Class A Common Stock and vested in three equal installments beginning on the first anniversary of the March 5, 2020 grant date. The 5,735 SARs had the same settlement and vesting structure, beginning on the first anniversary of the March 5, 2019 grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
