Marriott Vacations (VAC) executive covers tax bill with 1,793 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marriott Vacations Worldwide executive Jason P. Marino had 1,793 shares of common stock withheld by the company at $56.08 per share to satisfy tax liabilities on equity compensation. This was a tax-withholding disposition, not an open-market trade. After the transaction, he directly owned 32,918 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Marino Jason P.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,793 | $56.08 | $101K |
Holdings After Transaction:
Common Stock — 32,918 shares (Direct)
Footnotes (1)
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FAQ
What did Marriott Vacations (VAC) executive Jason P. Marino report on this Form 4?
Jason P. Marino reported a tax-withholding disposition of 1,793 Marriott Vacations common shares. The company withheld these shares to cover his tax liability related to equity compensation, rather than selling them in the open market.
Was there an open-market sale of Marriott Vacations (VAC) stock in this Form 4?
No, the Form 4 shows a tax-withholding transaction, not an open-market sale. The company withheld 1,793 shares at $56.08 per share to pay Jason P. Marino’s tax obligations arising from equity awards.
What does transaction code F mean in this Marriott Vacations (VAC) Form 4?
Transaction code F indicates shares were used to pay taxes or exercise costs. Here, it reflects shares withheld by Marriott Vacations to cover Jason P. Marino’s tax liability related to equity compensation, rather than a discretionary buy or sell.
Is the Marriott Vacations (VAC) Form 4 transaction classified as a disposal or acquisition?
The Form 4 classifies the event as a disposition related to tax withholding. Shares were withheld by the company, so it is recorded as a tax-withholding disposition instead of an acquisition or typical open-market sale transaction.