Marriott Suspends Employee Benefit Plan Trading

Ticker: MAR · Form: 8-K · Filed: 2024-08-20T00:00:00.000Z

Sentiment: neutral

Topics: employee-benefits, trading-suspension

Related Tickers: MAR

TL;DR

MAR temporarily halted employee stock plan trading starting Aug 19.

AI Summary

Marriott International, Inc. announced a temporary suspension of trading under its employee benefit plans, effective August 19, 2024. This action is related to the company's filings with the SEC and does not appear to be tied to a specific financial event or transaction mentioned in this filing.

Why It Matters

This suspension could temporarily impact employees' ability to buy or sell company stock through their benefit plans, potentially affecting their investment strategies.

Risk Assessment

Risk Level: low — The filing is procedural, announcing a temporary suspension of trading under employee benefit plans, with no immediate financial implications disclosed.

Key Players & Entities

FAQ

What is the reason for the temporary suspension of trading under Marriott's employee benefit plans?

The filing does not specify the exact reason for the suspension, only that it is temporary and effective August 19, 2024.

When did the temporary suspension of trading under employee benefit plans begin?

The temporary suspension began on August 19, 2024.

Which specific employee benefit plans are affected by this suspension?

The filing refers generally to 'Registrant's Employee Benefit Plans' without specifying individual plan names.

Is this suspension related to any financial performance issues at Marriott?

This filing does not indicate that the suspension is related to financial performance issues; it is presented as a procedural matter.

When is the suspension expected to end?

The filing states the suspension is 'temporary' but does not provide an expected end date.

From the Filing

0001628280-24-037852.txt : 20240820 0001628280-24-037852.hdr.sgml : 20240820 20240820111943 ACCESSION NUMBER: 0001628280-24-037852 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240819 ITEM INFORMATION: Temporary Suspension of Trading Under Registrant's Employee Benefit Plans ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240820 DATE AS OF CHANGE: 20240820 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13881 FILM NUMBER: 241223514 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 8-K 1 mar-20240819.htm 8-K mar-20240819 false MARRIOTT INTERNATIONAL INC /MD/ 0001048286 0001048286 2024-08-19 2024-08-19 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________  FORM 8-K _______________________________________   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 19, 2024   _______________________________________  MARRIOTT INTERNATIONAL, INC. (Exact name of registrant as specified in its charter)   _______________________________________  Delaware   1-13881 52-2055918 (State or other jurisdiction of incorporation)   (Commission File Number) (IRS Employer Identification No.) 7750 Wisconsin Avenue Bethesda Maryland 20814 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 301 )  380-3000   _______________________________________  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Class A Common Stock, $0.01 par value MAR Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter) Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.04. Temporary Suspension of Trading Under Registrant’s Employee Benefit Plans. The Marriott Retirement Savings Plan (“RSP”) is transitioning to a new plan recordkeeper. To facilitate the transition, all transactions in the RSP will be suspended during a blackout period, which is expected to begin at 4 p.m. Eastern time on September 25, 2024, and is expected to end by October 18, 2024. Participants in the RSP were notified of the blackout period on August 19, 2024. During the blackout period, participants in

View on Read The Filing