Grant Reid of Marriott (MAR) granted 670 deferred Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marriott International director Grant Reid received a stock award under a director deferred stock compensation plan. On the reported date, he acquired 670 shares of Class A common stock at a stated price of $0.00 per share as a grant, not an open-market purchase.
After this award, Reid directly holds 3,518 shares of Marriott Class A common stock. According to the disclosure, the granted shares will vest on a daily pro-rata basis over the twelve-month period following the grant and will be distributed after his service as a Board member ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reid Grant
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock-Dir. Def. Stock Comp Plan-1 | 670 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock-Dir. Def. Stock Comp Plan-1 — 3,518 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 670 shares
Price per share for grant: $0.00 per share
Shares held after transaction: 3,518 shares
+1 more
4 metrics
Shares granted
670 shares
Director stock award on transaction date
Price per share for grant
$0.00 per share
Stated value for awarded shares
Shares held after transaction
3,518 shares
Direct holdings following the award
Vesting period
12 months
Daily pro-rata vesting after grant
Key Terms
Director Deferred Stock Compensation Plan, vest on a daily pro-rata basis, distributed following termination of service, Grant, award, or other acquisition
4 terms
Director Deferred Stock Compensation Plan financial
"Class A Common Stock-Dir. Def. Stock Comp Plan-1"
vest on a daily pro-rata basis financial
"The shares will vest on a daily pro-rata basis over the twelve (12) month period"
distributed following termination of service financial
"and be distributed following termination of service as a Board member"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Marriott (MAR) director Grant Reid report?
Grant Reid reported receiving a stock award of 670 shares of Marriott Class A common stock. This was a grant under a director deferred stock compensation plan, not an open-market purchase, and it increases his direct holdings in the company.
What are the vesting terms of Grant Reid’s new Marriott (MAR) stock award?
The 670-share award will vest on a daily pro-rata basis over the twelve-month period following the grant. This means a portion of the shares vests each day across the year after the grant date, according to the filing’s footnote.
Was Grant Reid’s Marriott (MAR) stock award an open-market purchase?
No, the 670-share transaction was reported with a grant or award code at a price of $0.00 per share. This indicates a compensation-related stock grant under a director deferred stock compensation plan, not an open-market buy or sell transaction.