Anand Satyajit 4

What Happened

• Anand Satyajit, President, EMEA for Marriott International (MAR), received equity awards on Feb 13, 2026 and had shares withheld two days later to cover tax obligations.
• Grants: 2,538 shares at $354.63 per share (total value $900,051) and a derivative grant of 7,290 shares shown at $0.00 (RSU/PSU/SAR-type award).
• Tax withholding (reported as dispositions): on Feb 17, 2026 the Company withheld 1,031 shares at $358.30 ($369,407) and 2,118 shares at $358.30 ($758,879), totaling 3,149 shares withheld (~$1,128,286). These disposals are coded F (payment of exercise price or tax liability), a routine withholding to satisfy tax obligations—not an open-market sale.

Key Details

• Transaction dates & prices:
  • 2026-02-13: Grant — 2,538 shares @ $354.63 (Acquired) = $900,051
  • 2026-02-13: Grant — 7,290 shares @ $0.00 (Derivative award)
  • 2026-02-17: Withholding — 1,031 shares @ $358.30 (Disposed) = $369,407
  • 2026-02-17: Withholding — 2,118 shares @ $358.30 (Disposed) = $758,879
• Shares owned after the transactions: Not disclosed in the provided filing excerpt.
• Footnotes / vesting and withholding:
  • F1: RSUs vest in three equal annual installments beginning Feb 15, 2027.
  • F2: Shares withheld to cover taxes associated with vesting of RSUs.
  • F3: Shares withheld to cover taxes associated with vesting of PSUs.
  • F4: Stock Appreciation Rights (SARs) are settled in Class A common stock and vest in three equal installments beginning Feb 15, 2027.
• Filing timeliness: The report was filed on 2026-02-19. The Feb 13 grant was reported 6 days after that transaction (appears late under the Form 4 two-business-day rule); the Feb 17 withholdings were reported two days after those actions.

Context

• The disposals here are company tax-withholding actions (coded F), not open-market sales, and are commonly routine when awards vest or are paid out.
• The derivative grant (shown at $0.00) likely represents RSUs/PSUs or similar equity units that convert to shares upon vesting; SARs and RSUs noted in footnotes vest in three equal annual installments beginning Feb 15, 2027.
• This filing documents equity compensation and associated tax withholding rather than an investment decision to buy or sell on the open market.