Marriott executive trades shares after SAR exercises
Marriott International executive Rajeev Menon reported multiple equity transactions involving Class A Common Stock and Stock Appreciation Rights on February 18, 2026.
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Form Type
4
Rhea-AI Filing Summary
Marriott International executive Rajeev Menon reported multiple equity transactions involving Class A Common Stock and Stock Appreciation Rights on February 18, 2026. He exercised several Stock Appreciation Rights to acquire shares, had portions of the underlying stock withheld to cover exercise price and taxes, and sold 6,333 shares in an open-market transaction at $356.6101 per share.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Menon Rajeev
Role
President, APEC
Sold
6,333 shs ($2.26M)
Approx. gross sale proceeds
$2.26M
Approx. exercise cost
$1.79M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 1,240 | $355.18 | $440K |
| Exercise | Stock Appreciation Rights | 2,298 | $354.80 | $815K |
| Exercise | Stock Appreciation Rights | 4,992 | $356.27 | $1.78M |
| Exercise | Class A Common Stock | 4,992 | $177.55 | $886K |
| Exercise | Class A Common Stock | 2,298 | $238.87 | $549K |
| Exercise | Class A Common Stock | 1,240 | $286.82 | $356K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,002 | $355.18 | $356K |
| Exercise Price or Tax Liability | Class A Common Stock | 1,548 | $354.80 | $549K |
| Exercise Price or Tax Liability | Class A Common Stock | 2,488 | $356.27 | $886K |
| Sale | Class A Common Stock | 6,333 | $356.6101 | $2.26M |
| holding | Class A Common - Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 3,629 contracts (Direct);
Class A Common Stock — 9,492 shares (Direct);
Class A Common - Restricted Stock Units — 2,456 shares (Direct)
Footnotes (6)
- F1. The Reporting Person received a net of 238 shares of common stock upon the exercise of 1,240 Stock Appreciation Rights ("SARs"). A total of 1,002 shares of common stock underlying such SARs were withheld in payment of the exercise price.
- F2. The Reporting Person received a net of 750 shares of common stock upon the exercise of 2,298 Stock Appreciation Rights ("SARs"). A total of 1,548 shares of common stock underlying such SARs were withheld in payment of the exercise price.
- F3. The Reporting Person received a net of 2,504 shares of common stock upon the exercise of 4,992 Stock Appreciation Rights ("SARs"). A total of 2,488 shares of common stock underlying such SARs were withheld in payment of the exercise price.
- F4. Stock Appreciation Rights granted on 2/14/2025 that vest in three equal installments beginning on February 15, 2026 and thereafter on the anniversary of that date.
- F5. Stock Appreciation Rights granted on 2/15/2024 that vest in three equal installments beginning on February 15, 2025 and thereafter on the anniversary of that date.
- F6. Stock Appreciation Rights granted on 2/16/2023 that vest in three equal installments beginning on February 15, 2024 and thereafter on the anniversary of that date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Marriott (MAR) executive Rajeev Menon report?
Rajeev Menon reported a mix of equity transactions, including exercising Stock Appreciation Rights to acquire Marriott Class A Common Stock and selling shares. He also had shares withheld to cover exercise price and tax liabilities, reflecting compensation-related activity rather than purely discretionary open-market buying.
What does the tax-withholding disposition mean in Rajeev Menon’s Marriott (MAR) filing?
Tax-withholding dispositions use shares to pay exercise price or taxes instead of cash. In this filing, several "F"-coded transactions reflect shares withheld from Stock Appreciation Rights exercises to satisfy obligations, rather than traditional open-market selling for investment or portfolio reasons.
How did Stock Appreciation Rights affect Rajeev Menon’s Marriott (MAR) holdings?
Menon exercised multiple Stock Appreciation Rights grants, receiving Marriott common shares and reducing related derivative balances. Footnotes show each exercise produced net shares after withholding, illustrating how equity-based compensation converted into direct stock ownership while still triggering some share dispositions for payment obligations.
What do the footnotes in Rajeev Menon’s Marriott (MAR) Form 4 explain?
The footnotes detail how many Marriott shares Menon received net from each Stock Appreciation Rights exercise and how many were withheld. For example, one exercise yielded 238 net shares while 1,002 shares were withheld, clarifying the mechanics behind the reported acquisition and disposition entries.
What role does Rajeev Menon hold at Marriott (MAR) in this insider report?
In this insider report, Rajeev Menon is listed as an officer of Marriott with the title "President, APEC." This indicates he is a senior executive, so his equity transactions reflect both compensation-related activity and personal portfolio decisions within Marriott’s leadership team.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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