Roe Peggy 4

What Happened

• Peggy Roe, Executive Vice President & Chief Customer Officer of Marriott International (MAR), was granted equity awards on February 13, 2026. She received 1,524 restricted stock units (RSUs) with a reported per-share value of $354.63 (totaling $540,456) and 4,191 stock appreciation rights (SARs) listed with a $0 per-share acquisition price in the filing (derivative award).
• These are grants (code A) — compensation awards, not open-market purchases or sales.

Key Details

• Transaction date: February 13, 2026. Form 4 filed: February 18, 2026 (filed five calendar days after the grant; this appears beyond the typical 2-business-day Form 4 window).
• RSUs: 1,524 shares at $354.63 each = $540,456.
• SARs (derivative): 4,191 units reported at $0 acquisition price in the filing; SARs will be settled in Class A common stock.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: RSUs vest in three equal annual installments beginning February 15, 2027.
  • F2: SARs vest in three equal installments beginning February 15, 2027 and are settled in Class A common stock.

Context

• These awards are part of executive compensation and do not represent a market buy or sell—such grants are routine for executives and are not direct indicators of immediate trading sentiment.
• SARs are a derivative that pay out the appreciation in the stock price (here, to be settled in shares) once vested; the $0 acquisition price in the table reflects how the grant is recorded, not that the award has no value.