Marriott (MAR) Greater China president reports tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marriott International executive reports tax-related share withholding. Mao Yibing, President, Greater China, reported dispositions on Class A Common tied to equity awards, described as tax-withholding transactions rather than open-market sales.
The company withheld 527 shares of Class A Common underlying restricted stock units and 1,611 shares of Class A Common Stock at $358.30 per share to cover taxes associated with vesting of RSUs and PSUs, according to the footnotes. After these entries, direct holdings were reported as 2,285 Class A Common restricted stock units, 32,214 Class A Common shares, and 156 Class A Common shares from a deferred stock bonus award.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Mao Yibing
Role
Pres. Greater China
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common - Restricted Stock Units | 527 | $358.30 | $189K |
| Tax Withholding | Class A Common Stock | 1,611 | $358.30 | $577K |
| holding | Class A Common Stock - Deferred Stock Bonus Award | -- | -- | -- |
Holdings After Transaction:
Class A Common - Restricted Stock Units — 2,285 shares (Direct);
Class A Common Stock — 32,214 shares (Direct);
Class A Common Stock - Deferred Stock Bonus Award — 156 shares (Direct)
Footnotes (1)
- Shares withheld by the Company to cover taxes associated with vesting of RSUs. Shares withheld by the Company to cover taxes associated with vesting of PSUs.
FAQ
What did Mao Yibing report in the latest Form 4 for MAR?
Mao Yibing reported tax-related share dispositions, not open-market sales. Shares of Marriott Class A Common and RSU-related stock were withheld by the company to cover taxes when restricted and performance stock units vested.
Were the Marriott insider transactions open-market sales or tax withholdings?
The Form 4 describes the transactions as tax-withholding dispositions, not open-market sales. Shares were withheld by Marriott to satisfy tax liabilities triggered when restricted stock units and performance stock units vested for Mao Yibing.
What transaction code was used in Mao Yibing’s Marriott Form 4?
The Form 4 uses transaction code F for the non-derivative entries. Code F indicates payment of exercise price or tax liability by delivering securities, here applied to shares withheld for RSU and PSU-related tax obligations.