Mao Yibing 4

What Happened

• Mao Yibing, President, Greater China for Marriott International (MAR), was granted equity awards on 2026-02-13: 1,059 restricted stock units (RSUs) reported at $354.63 each (total value $375,553) and 3,039 stock appreciation rights (SARs) reported as a derivative award (shown at $0.00).
• These are compensation grants (awards), not open-market purchases or sales. RSUs and SARs will vest over time per the footnotes.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (filed within the SEC two-business-day window).
• RSUs: 1,059 shares @ $354.63 — total reported value $375,553.
• SARs: 3,039 units @ $0.00 — derivative award (Stock Appreciation Rights settled in Class A common stock).
• Shares owned after the transaction: not specified in this Form 4.
• Footnotes:
  • F1: RSUs vest in three equal annual installments beginning Feb 15, 2027.
  • F2: SARs settle in Class A common stock and vest in three equal installments beginning Feb 15, 2027 and on each anniversary thereafter.
• No 10b5-1 trading plan or tax-withholding details are disclosed in this filing.

Context

• These awards are standard long-term compensation grants intended to align executive incentives with shareholder value; they do not represent a market purchase or sale by the insider.
• SARs are a derivative that will entitle the holder to value appreciation (settled in stock) upon vesting/exercise, potentially resulting in future share issuance if/when exercised.