Breland Benjamin T. 4
Research Summary
AI-generated summary
Marriott (MAR) CHRO Benjamin T. Breland Receives 13,518-Share Award
What Happened
- Benjamin T. Breland, CHRO & EVP, Global Operations Services at Marriott International, received 13,518 shares (transaction code A — award/grant) that were reported as acquired on 2026-02-11. The Form 4 reports an acquisition price of $0.00 and a total reported value of $0 for this entry, reflecting shares issued upon vesting rather than a market purchase.
Key Details
- Transaction date: 2026-02-11 (reported on Form 4 filed 2026-02-13). The two-day gap appears to meet the Form 4 reporting window (filed within two business days).
- Price reported: $0.00 per share (award/vested shares, not an open-market purchase).
- Shares acquired: 13,518.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnote: These shares were earned under performance-based units granted Feb 16, 2023 under the Marriott Stock and Cash Incentive Plan and fully vested on Feb 11, 2026 following certification by the issuer’s compensation committee.
Context
- This was a vesting/conversion of performance-based units into common shares, a compensation event rather than a purchase or sale. Such awards reflect previously granted long-term incentives that met performance and service conditions and do not by themselves indicate insider buying or selling intent.