Breland Benjamin T. 4

What Happened Benjamin T. Breland, CHRO & EVP, Global Operations Services at Marriott International (MAR), was granted equity awards on February 13, 2026: 2,793 restricted stock units (RSUs) valued at $354.63 each (total value reported $990,482) and 6,708 stock appreciation rights (SARs) reported as a derivative grant ($0 reported sale/price). This is an award/grant (not a market purchase or sale) and represents executive compensation rather than an immediate cash transaction.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (file appears late — filed after the 2-business-day deadline).
• RSUs: 2,793 shares @ $354.63 each; aggregate value $990,482.
• SARs (derivative): 6,708 units reported at $0 (no immediate cash proceeds reported).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: RSUs vest in three equal annual installments beginning Feb 15, 2027 (F1). SARs are settled in Class A common stock and vest in three equal installments beginning Feb 15, 2027 and on each anniversary thereafter (F2).

Context These awards are standard long-term incentive compensation for executives. RSUs convert to shares as they vest; SARs pay the appreciated value (settled in shares) upon vesting/exercise, so the SARs’ ultimate value depends on Marriott’s future stock price. Because this filing reports grants (not purchases or sales), it should not be read as a direct buy/sell signal. The late filing is noted but does not change the nature of the award.