AS ONE OF THE WORLD’S leading hotel chains, Marriott International (ticker: MAR) will benefit if 2010 brings a recovery in business and consumer travel. But members of the company’s founding family may be suggesting such a recovery is long in the making, recently selling a combined $4.2 million in shares.
John Williard “J.W.” Marriott Jr., chairman and chief executive of Marriott International, sold 80,000 shares for $2.2 million, or an average price of $27 each, on Dec. 14. After the sale he held about 47 million shares directly, indirectly, and through exercisable options and restricted stock; the remaining stake represents about 13% of the company’s outstanding shares…
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