Marriott Vacations exec has shares withheld for taxes
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.
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
Exercise Price or Tax Liability: 1,793 shares
Exercise Price or Tax Liability
1 txn
Insider
Marino Jason P.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,793 | $56.08 | $101K |
Holdings After Transaction:
Common Stock — 32,918 shares (Direct)
Footnotes (1)
- F1. Shares withheld by the Company for the payment of tax liability.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.