Henderson Frederick A. 4

What Happened

• Frederick A. Henderson, a director of Marriott International (MAR), received an award of 670 shares on 2026-05-11. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant). The filing lists the transaction value as $0 (award), not a cash purchase or sale.

Key Details

• Transaction date: 2026-05-11; Filing date: 2026-05-13 (filed within the typical 2-business-day Form 4 window).
• Transaction type/code: A (award/grant); Price reported: $0.00 per share.
• Shares granted: 670. Shares owned after the transaction: not specified in the filing.
• Footnote: The shares vest on a daily pro-rata basis over the 12-month period following the grant and will be distributed following termination of Henderson's Board service.
• No 10b5-1 plan, tax withholding, or sale associated with this filing was reported.

Context

• This was a compensation award (likely restricted stock/RSUs) rather than an open-market purchase or sale; such awards are standard director compensation and do not by themselves indicate a buy or sell signal.
• Because vesting is spread over 12 months and distribution occurs after leaving the Board, the shares are subject to time-based restrictions before they can be transferred.