Marriott (MAR) exec exercises 6,724 SARs; owns 24,170 shares

Marriott International (MAR) disclosed a Form 4 for its President, EMEA.

Accepted by SEC EDGAR 11/12/2025 - 06:01 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Marriott International (MAR) disclosed a Form 4 for its President, EMEA. On 11/07/2025, the officer exercised 6,724 stock appreciation rights at $66.86. Of the shares underlying the SARs, 3,988 were withheld to cover the exercise price and taxes, resulting in a net 2,736 shares received. After these transactions, the officer beneficially owned 24,170 Class A common shares and also held 3,461 restricted stock units.

Insider Trade Summary

6,724 shares exercised/converted

Exercise 4 txns

Insider Anand Satyajit

Role President, EMEA

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Rights	6,724	$287.95	$1.94M
Exercise	Class A Common Stock	6,724	$66.86	$450K
Disposition	Class A Common Stock	2,736	$287.90	$788K
Exercise Price or Tax Liability	Class A Common Stock	3,988	$287.95	$1.15M
Holding	Class A Common - Restricted Stock Units	--	--	--

Holdings After Transaction: Stock Appreciation Rights — 0 contracts (Direct); Class A Common Stock — 24,170 shares (Direct); Class A Common - Restricted Stock Units — 3,461 shares (Direct)

Holdings Before and After: Stock Appreciation Rights, 6,724 to 0 contracts (Direct); Class A Common Stock, 24,170 to 24,170 shares (Direct)

Footnotes (2)

1. F1. The Reporting Person received a net of 2,736 shares of common stock upon the exercise of 6,724 Stock Appreciation Rights ("SARs"). A total of 3,988 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.
2. F2. The SARs granted on 02.22.2016 that vest in three equal installments beginning on 02.21.2017 and thereafter on the anniversary of that date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Marriott (MAR) report in this Form 4?

An officer exercised 6,724 stock appreciation rights on 11/07/2025 and updated share ownership.

How many shares were received net by the MAR officer?

The officer received 2,736 shares net after withholding for price and taxes.

How many shares were withheld to cover costs?

3,988 shares were withheld to cover the exercise price and tax obligations.

What is the officer’s beneficial ownership after the transactions?

Beneficial ownership was 24,170 Class A common shares after the transactions.

What was the exercise price of the SARs?

The SARs had an exercise price of $66.86.

Does the officer hold any restricted stock units (RSUs)?

Yes, the filing shows 3,461 RSUs held.

Who is the reporting person’s role at Marriott (MAR)?

The reporting person is an Officer, serving as President, EMEA.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Anand Satyajit

(Last) (First) (Middle)

7750 WISCONSIN AVENUE

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARRIOTT INTERNATIONAL INC /MD/ [ MAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, EMEA

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/07/2025		M		6,724	A	$66.86	30,894	D
Class A Common Stock	11/07/2025		D		2,736	D	$287.9	28,158	D
Class A Common Stock	11/07/2025		F(1)		3,988	D	$287.95	24,170	D
Class A Common - Restricted Stock Units								3,461	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$66.86	11/07/2025		M			6,724	(2)	02/22/2026	Class A Common Stock	6,724	$287.95	0.0000	D

Explanation of Responses:

1. The Reporting Person received a net of 2,736 shares of common stock upon the exercise of 6,724 Stock Appreciation Rights ("SARs"). A total of 3,988 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.

2. The SARs granted on 02.22.2016 that vest in three equal installments beginning on 02.21.2017 and thereafter on the anniversary of that date.

	Andrew P.C. Wright, Attorney-in-Fact	11/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.