Marriott director granted stock and SAR awards
Marriott International director Horacio Rozanski reported receiving equity-based compensation.
Rhea-AI Filing Summary
Marriott International director Horacio Rozanski reported receiving equity-based compensation. He was granted 670 shares of Class A common stock under a director deferred stock compensation plan, which will vest on a daily pro-rata basis over the 12 months following the grant and be distributed after his Board service ends.
He was also granted 663 stock appreciation rights tied to an equal number of Class A common shares, with an exercise price of $350.84 per share. These SARs are fully vested and will be exercisable on the last business day immediately before the next annual stockholder meeting. Following these awards, Rozanski directly holds 5,853 common shares and 663 SARs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Rights | 663 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock-Dir. Def. Stock Comp Plan-1 | 670 | $0.00 | $0.00 |
Footnotes (2)
- F1. The shares will vest on a daily pro-rata basis over the twelve (12) month period following the grant and be distributed following termination of service as a Board member.
- F2. Board retainer fee received in the form of SARs. The SARs are fully vested and will be exercisable on the last business day immediately preceding the next annual meeting of stockholders.
Key Figures
Key Terms
Stock Appreciation Rights financial
deferred stock compensation plan financial
vest on a daily pro-rata basis financial
exercise price financial
FAQ
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What did Marriott (MAR) director Horacio Rozanski receive in this Form 4?
What are the key terms of the 663 stock appreciation rights granted at Marriott (MAR)?
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