Reiss Rena Hozore 4

What Happened

• Rena Hozore, Executive Vice President & General Counsel of Marriott International (MAR), was granted equity awards on February 13, 2026. The Form 4 shows an award (code A) of 2,244 restricted stock units (RSUs) valued at $354.63 per share (totaling about $795,790) and a separate award of 6,441 stock appreciation rights (SARs) reported as derivative awards with $0 acquisition price on the grant date.
• These were grants/awards from the company (not an open-market purchase or sale), so they reflect compensation/long-term incentive awards rather than a direct market purchase.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-18 (5 days after the grant).
• RSU grant: 2,244 shares at $354.63 — total reported value ≈ $795,790.
• SAR grant: 6,441 units reported at $0 (derivative award); value will depend on future stock appreciation and settlement terms.
• Vesting: RSUs vest in three equal annual installments beginning Feb 15, 2027 (F1). SARs vest in three equal installments beginning Feb 15, 2027 and on each anniversary thereafter and are settled in Class A common stock (F2).
• Shares owned after the transaction: not specified in the information provided on the Form 4.
• Filing timeliness: The Form 4 was filed 5 days after the transaction date; Form 4s are generally required within 2 business days, so this appears to be a late filing (the filing does not by itself imply misconduct but may trigger monitoring or disclosure follow-up).

Context

• RSUs are restricted stock units that convert to shares if/when they vest; SARs are derivative awards that pay out the appreciation in stock price (here settled in shares) subject to vesting — neither represents an immediate open-market purchase or sale.
• Awards are common as part of executive compensation and do not necessarily indicate the insider is buying or selling shares for investment reasons.