Reid Grant 4
Research Summary
AI-generated summary
Marriott Director Reid Grant Receives 39.13-Share Award
What Happened
- Reid Grant, a director of Marriott International (MAR), was awarded 39.13 shares on 2026-06-30 (transaction code A). The award price was $370.98 per share, for a total value of approximately $14,516. This was an award of deferred director fees—not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (Form 4 accession 0001225208-26-006308).
- Price per share: $370.98; Shares awarded: 39.13; Total value: ~$14,516.
- Shares owned after transaction: not specified in the filing.
- Footnote: Quarterly director fees were deferred under the company stock plan; the shares are fully vested and will be distributed following termination of service as a Board member (Footnote F1).
- Transaction type: Award/Grant (routine director compensation), not a purchase or sale.
Context
- Awards of deferred director fees are typical compensation and do not necessarily signal an insider view on near-term stock performance. Because distribution is deferred until board service ends, these shares are not immediately tradable.