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Six Marriott Insiders Sell $9.2M Of Company Stock >MAR
Apr 29, 2009 16:11:11 (ET)
DOW JONES NEWSWIRES
Six Marriott International Inc. (MAR) insiders reported Wednesday selling $9.2 million worth of company stock.
Chairman and Chief Executive J.W. Marriott Jr. exercised options for 100,000 shares at $6.56 a share, and immediately sold the shares for $21.06 a share in a total sale of $2.11 million, for a profit of about $1.45 million.
Vice Chairman J.W. Marriott III sold 100,000 shares for an average price of $20.75, or a total sale of $2.07 million.
Regional Vice President for Market Management David S. Marriott sold 125,000 shares at an average price of $21.15 a share, or a total sale of $2.64 million, according to filings with the Securities and Exchange Commission and data provider The Washington Service.
Executive Vice President of Company Culture Stephen G. Marriott sold 100,000 shares at an average price of $21.15 a share, or a total sale of $2.12 million.
President of Marriott Vacation Club International Stephen W. Weisz sold 7,200 shares for an average price of $21.71 a share, or a total sale of $156,312.
Executive Vice President of Lodging Development Anthony Capuano sold 4,723 shares for an average price of $21.17 a share, or a total sale of $99,986.
Also Wednesday, former Massachusetts Gov. Mitt W. Romney, now a Marriott director, reported purchasing 4,730 shares at an average price of $21.22, or a total purchase of $100,371.
Shares of Bethesda, Md.-based Marriott closed Wednesday at $22.84, up 10.02%.
-Brian Kalish; Dow Jones Newswires; 202-862-1350; brian.kalish@dowjones.com
(END) Dow Jones Newswires
April 29, 2009 16:11 ET (20:11 GMT) |
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