Pinto Drew 4

What Happened
Drew Pinto, Executive Vice President and Chief Revenue & Technology Officer at Marriott International (MAR), was granted two types of equity awards on February 13, 2026. He received 1,524 restricted stock units (RSUs) with a grant-date value of $354.63 per share (total ≈ $540,456) and 4,191 stock appreciation rights (SARs) reported as a derivative award (reported value $0 on the Form 4). These are compensation awards (not open-market purchases or sales).

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (filed within the typical 2-business-day requirement).
• RSUs: 1,524 shares at $354.63 grant price; total grant value ≈ $540,456.
• SARs (derivative): 4,191 units reported at $0 on the filing (these are stock-settled rights).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1 — RSUs vest in three equal annual installments beginning February 15, 2027.
  • F2 — SARs settle in Class A common stock and vest in three equal installments beginning February 15, 2027 and on each anniversary thereafter.

Context
RSU and SAR grants are standard long-term compensation for executives and do not represent an open-market purchase or sale. The RSU grant has an identifiable grant-date value (~$540k); the SARs are a derivative award that will only convert to value if the stock appreciates and when they vest/are settled. These awards indicate future compensation subject to vesting, not an immediate change in share ownership or a direct market signal.