Capuano Anthony 4

What Happened

• Anthony Capuano, President & CEO and Director of Marriott International (MAR), received equity awards on Feb 13, 2026. The filing shows a grant of 13,044 restricted stock units (RSUs) valued at $354.63 per share (total value $4,625,794) and a grant of 37,461 stock appreciation rights (SARs) listed with a $0 exercise/strike amount (derivative award). These were grants (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (filed within the required two-business-day window).
• RSUs: 13,044 units at $354.63 per share; total stated value $4,625,794.
• SARs: 37,461 units listed with $0 value in the filing (derivative award settled in Class A common stock).
• Vesting: Both awards vest in three equal annual installments beginning February 15, 2027 (see footnotes).
• Shares owned after the transaction: Not specified in the provided filing.
• Transaction code: A = Award/Grant.

Context

• RSUs are grants of stock that typically convert to shares as they vest; SARs are derivative rights that pay the appreciation in stock value (here, settled in common stock) and have value only if Marriott’s share price rises above the grant reference. These awards are standard executive compensation and do not represent an immediate market purchase or sale.