Breland Benjamin T. 4

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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.