Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
Market Information
At January 31, 2026, 264,984,554 shares of our Class A Common Stock (our “common stock”) were outstanding and were held by 28,321 stockholders of record. Our common stock trades on the Nasdaq Global Select Market under the trading symbol MAR.
Fourth Quarter 2025 Issuer Purchases of Equity Securities
(in millions, except per share amounts)
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs (1)
October 1, 2025 - October 31, 2025 1.1 $ 266.40 1.1 29.0
November 1, 2025 - November 30, 2025 1.4 $ 286.53 1.4 27.6
December 1, 2025 - December 31, 2025 1.0 $ 301.25 1.0 26.6
Total
3.5 $ 284.25 3.5
(1) Our Board of Directors has authorized a share repurchase program. On November 9, 2023, we announced that the Board had increased the common stock repurchase authorization under the program by 25 million shares and, on August 7, 2025, we announced that the Board had further increased the authorization by an additional 25 million shares. These authorizations have no expiration date. At year-end 2025, 26.6 million shares remained available for repurchase under the program. We may repurchase shares in the open market or in privately negotiated transactions, and we account for these shares as treasury stock.
Item 6. Reserved.
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Table of Contents
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