Marriott CEO Anthony Capuano sells 63,355 shares
The day’s transactions also include 10,823 shares withheld for the exercise price and tax obligation, alongside sales and a 5,000-share gift.
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Form Type
4
Rhea-AI Filing Summary
Marriott International (MAR) President & CEO Anthony Capuano exercised 16,428 stock appreciation rights on November 4, 2026, at an exercise price of $139.54 per share. He received 5,605 shares net after 10,823 shares were withheld for the exercise price and withholding tax obligation.
Capuano also reported sales totaling 63,355 Class A shares and a gift of 5,000 shares on that date.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Capuano Anthony
Role
President & CEO
Sold
63,355 shs ($26.62M)
Approx. gross sale proceeds
$26.62M
Approx. exercise cost
$2.29M
Share of Position Sold
55.5%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F11 | 16,428 | $424.15 | $6.97M |
| Exercise | Class A Common Stock | 16,428 | $139.54 | $2.29M |
| Sale | Class A Common Stock F1 | 80 | $423.54 | $34K |
| Sale | Class A Common Stock F2 | 1,288 | $421.073 | $542K |
| Sale | Class A Common Stock F3 | 2,710 | $417.8286 | $1.13M |
| Sale | Class A Common Stock F4 | 3,364 | $418.949 | $1.41M |
| Sale | Class A Common Stock F5 | 3,612 | $423.131 | $1.53M |
| Gift | Class A Common Stock | 5,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 5,605 | $424.03 | $2.38M |
| Sale | Class A Common Stock F6 | 6,185 | $416.0044 | $2.57M |
| Sale | Class A Common Stock F7 | 7,923 | $417.0082 | $3.30M |
| Exercise Price or Tax Liability | Class A Common Stock F8 | 10,823 | $424.15 | $4.59M |
| Sale | Class A Common Stock F9 | 15,984 | $419.8332 | $6.71M |
| Sale | Class A Common Stock F10 | 16,604 | $421.9747 | $7.01M |
| Holding | Class A Common - Restricted Stock Units | -- | -- | -- |
| Holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 0 contracts (Direct);
Class A Common Stock — 50,867 shares (Direct);
Class A Common - Restricted Stock Units — 28,040 shares (Direct);
Class A Common Stock — 1,958.003 shares (Indirect, 401(k) account)
Holdings Before and After:
Stock Appreciation Rights, 16,428 to 0 contracts (Direct);
Class A Common Stock, 113,617 to 50,867 shares (Direct)
Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (11)
- F1. The reporting person sold a total of 80 shares of common stock at a weighted average sale price of $423.54 with a maximum price of $423.59 and a minimum price of $423.49.
- F2. The reporting person sold a total of 1,288 shares of common stock at a weighted average sale price of $421.07 with a maximum price of $421.41 and a minimum price of $420.42.
- F3. The reporting person sold a total of 2,710 shares of common stock at a weighted average sale price of $417.83 with a maximum price of $418.31 and a minimum price of $417.31.
- F4. The reporting person sold a total of 3,364 shares of common stock at a weighted average sale price of $418.95 with a maximum price of $419.32 and a minimum price of $418.32.
- F5. The reporting person sold a total of 3,612 shares of common stock at a weighted average sale price of $423.13 with a maximum price of $423.44 and a minimum price of $422.46.
- F6. The reporting person sold a total of 6,185 shares of common stock at a weighted average sale price of $416.00 with a maximum price of $416.23 and a minimum price of $415.25.
- F7. The reporting person sold a total of 7,923 shares of common stock at a weighted average sale price of $417.00 with a maximum price of $417.30 and a minimum price of $416.30.
- F8. The reporting person received a net of 5,605 shares of common stock upon the exercise of 16,428 stock appreciation rights ("SARs"). A total of 10,823 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.
- F9. The reporting person sold a total of 15,984 shares of common stock at a weighted average sale price of $419.83 with a maximum price of $420.28 and a minimum price of $419.34.
- F10. The reporting person sold a total of 16,604 shares of common stock at a weighted average sale price of $421.97 with a maximum price of $422.45 and a minimum price of $421.45.
- F11. SARs, settled in Class A Common Stock and vesting in three equal installments beginning on the first anniversary of the grant date of 02.20.2018.
Key Figures
Stock appreciation rights exercised: 16,428 rights
Exercise price: $139.54 per share
Shares withheld: 10,823 shares
+5 more
8 metrics
Stock appreciation rights exercised
16,428 rights
November 4, 2026
Exercise price
$139.54 per share
Stock appreciation rights exercised November 4, 2026
Shares withheld
10,823 shares
For the exercise price and withholding tax obligation
Net shares received
5,605 shares
From the stock appreciation rights exercise
Class A shares sold
63,355 shares
November 4, 2026
Shares gifted
5,000 shares
November 4, 2026
Restricted Stock Units held
28,040 units
Direct holding reported November 4, 2026
Class A shares held in 401(k) account
1,958 shares
Indirect holding reported November 4, 2026
Key Terms
stock appreciation rights, Restricted Stock Units, weighted average sale price, withholding tax obligation
4 terms
stock appreciation rights financial
"exercise of 16,428 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.
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.
weighted average sale price financial
"at a weighted average sale price"
withholding tax obligation financial
"to satisfy the withholding tax obligation"
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