Marriott Family Amends 13D/A, Updates Ownership in Marriott International

TL;DR

**Marriott family group updated their ownership stake in Marriott International.**

AI Summary

JWM Family Enterprises, Inc., along with several members of the Marriott family, filed an amended Schedule 13D/A on January 30, 2024, indicating a change in their beneficial ownership of Marriott International, Inc. Class A Common Stock as of January 1, 2024. This filing, Amendment No. 9, updates previous disclosures regarding the collective holdings of the Marriott family group. For investors, this matters because it provides transparency into the ownership structure and any significant changes in the holdings of the founding family, which can signal their long-term commitment and influence over the company.

Why It Matters

This filing shows the updated beneficial ownership of Marriott International by its founding family, which can influence corporate governance and long-term strategic decisions.

Risk Assessment

Risk Level: low — This filing is a routine update on beneficial ownership by a long-standing insider group and does not indicate any immediate negative or positive financial risk.

Analyst Insight

Investors should note that the Marriott family continues to hold a significant stake, indicating their ongoing commitment to the company. This filing is primarily an update to their beneficial ownership, not a signal for immediate action, but it reinforces the stability of insider holdings.

Key Numbers

• 571903202 — CUSIP Number (identifies Marriott International's Class A Common Stock)
• 9 — Amendment Number (indicates this is the ninth amendment to the original Schedule 13D filing)
• 20240130 — Filing Date (the date the SC 13D/A was filed with the SEC)
• 20240101 — Date of Event (the date of the event requiring this amendment)

Key Players & Entities

• JWM Family Enterprises, Inc. (company) — the filing entity and a group member
• MARRIOTT INTERNATIONAL INC /MD/ (company) — the subject company (issuer)
• J.W. MARRIOTT, JR. (person) — a group member
• DEBORAH MARRIOTT HARRISON (person) — a group member
• CHRISTOPHER T. HARRISON (person) — a group member
• DAVID SHEETS MARRIOTT (person) — a group member
• JENNIFER R. JACKSON (person) — a group member
• JULIANA B. MARRIOTT (person) — a group member
• MICHELLE MARRIOTT DARMODY (person) — a group member
• Gabriel M. Steele (person) — authorized to receive notices for the filing person

FAQ

From the Filing

0001104659-24-008154.txt : 20240130 0001104659-24-008154.hdr.sgml : 20240130 20240130145725 ACCESSION NUMBER: 0001104659-24-008154 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 GROUP MEMBERS: CHRISTOPHER T. HARRISON GROUP MEMBERS: DAVID SHEETS MARRIOTT GROUP MEMBERS: DEBORAH MARRIOTT HARRISON GROUP MEMBERS: J.W. MARRIOTT, JR. GROUP MEMBERS: JENNIFER R. JACKSON GROUP MEMBERS: JULIANA B. MARRIOTT GROUP MEMBERS: JULIANA B. MARRIOTT MARITAL TRUST GROUP MEMBERS: JWM FAMILY ENTERPRISES, L.P. GROUP MEMBERS: MICHELLE MARRIOTT DARMODY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MARRIOTT INTERNATIONAL INC /MD/ CENTRAL INDEX KEY: 0001048286 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 522055918 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53873 FILM NUMBER: 24577594 BUSINESS ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3013803000 MAIL ADDRESS: STREET 1: 7750 WISCONSIN AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 FORMER COMPANY: FORMER CONFORMED NAME: NEW MARRIOTT MI INC DATE OF NAME CHANGE: 19971023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JWM Family Enterprises, Inc. CENTRAL INDEX KEY: 0001363886 ORGANIZATION NAME: IRS NUMBER: 521823618 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6106 MACARTHUR BOULEVARD STREET 2: SUITE 110 CITY: BETHESDA STATE: MD ZIP: 20816 BUSINESS PHONE: 202-776-2941 MAIL ADDRESS: STREET 1: 6106 MACARTHUR BOULEVARD STREET 2: SUITE 110 CITY: BETHESDA STATE: MD ZIP: 20816 SC 13D/A 1 tm244438d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A Under the Securities Exchange Act of 1934 (Amendment No. 9) MARRIOTT INTERNATIONAL, INC. (Name of Issuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securities) 571903202 (CUSIP Number) Gabriel M. Steele Venable LLP 750 East Pratt, Suite 900 Baltimore, MD 21202 (410) 244-7400 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 1, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ¨ The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D/A CUSIP No. 571903202 Page 2 of 15 Pages 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) JWM Family Enterprises, Inc. 52-1823618 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 0 8 SHARED VOTING POWER 22,027,118* 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 22,027,118* 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,027,118 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES Not Applicable 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.5%** 14 TYPE OF REPORTING PERSON CO * Consists of: (a) 7,517,119 shares held by JWM Family Enterprises, L.P, whose sole general partner is JWM Family Enterprises, Inc.; (b) 8,319,999 shares owned by Thomas Point