Marriott Vacations director granted 117 share awards
GALBREATH LIZANNE reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
GALBREATH LIZANNE reported acquisition or exercise transactions in this Form 4 filing.
Marriott Vacations Worldwide director Lizanne Galbreath received a grant of 117 shares of common stock at no cost. These additional non-employee director share awards were issued as dividends on existing awards and vest immediately. Following this grant, she directly holds a total of 25,965 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 117 shares
Grant/Award
1 txn
Insider
GALBREATH LIZANNE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 117 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 25,965 shares (Direct)
Footnotes (1)
- F1. The Reporting Person elected to receive any dividends with respect to the Non-Employee Director Share Awards issued to the Reporting Person in the form of additional Non-Employee Director Share Awards. Such additional awards vest immediately upon issuance and are payable in common stock as specified by the Reporting Person at the time of the deferral election.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Marriott Vacations (VAC) report for Lizanne Galbreath?
Marriott Vacations reported that director Lizanne Galbreath received 117 additional common shares through a grant. The shares were issued as dividends on existing non-employee director share awards, vest immediately upon issuance, and increase her direct holdings to 25,965 shares after the transaction.
How were dividends handled on Lizanne Galbreath’s Marriott Vacations director awards?
Lizanne Galbreath chose to receive dividends on her non-employee director share awards as additional share awards rather than cash. These additional awards, including the 117-share grant, vest immediately and are payable in Marriott Vacations common stock as specified in her deferral election instructions.
AI-generated analysis. How Rhea-AI works. Not financial advice.