Marriott Vacations (NYSE: VAC) GC exit includes $1,500,504 severance package

Rhea-AI Filing Summary

Marriott Vacations Worldwide Corporation reported a senior leadership change involving its top legal executive. Executive Vice President, General Counsel and Secretary James H. Hunter, IV resigned from these roles at the Company’s request effective March 9, 2026 and will retire on April 1, 2026.

Under a separation agreement, Mr. Hunter will receive a $1,500,504 severance payment, equal to one and one-half times his 2026 base salary plus 2026 target bonus, while his outstanding equity awards will be treated according to their existing terms. He provided a general release of claims and agreed to restrictive covenants. The Company also furnished a press release highlighting his nearly 20 years of service and outlining his advisory role through April 1, 2026.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0001524358falseMarch 6, 202600015243582026-03-062026-03-06

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) March 6, 2026

_________________________

Marriott Vacations Worldwide Corporation

(Exact name of registrant as specified in its charter)

 _________________________

Delaware

001-35219

45-2598330

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

7812 Palm Parkway

Orlando,

FL

32836

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (407) 206-6000

N/A

(Former name or former address, if changed since last report)

_________________________

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
Common Stock, $0.01 Par Value			VAC			New York Stock Exchange

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

James H Hunter, IV, the Executive Vice President, General Counsel and Secretary of the Company, resigned at the Company’s request from these positions effective March 9, 2026. Mr. Hunter’s employment with the Company will end on April 1, 2026.

Mr. Hunter entered into a separation agreement with the Company in connection with his separation from service with the Company (the “Separation Agreement”). The Separation Agreement provides for, among other things: a severance payment of $1,500,504, representing one and one-half times Mr. Hunter’s 2026 base salary plus 2026 target bonus; the treatment of the outstanding restricted stock units, performance shares and stock appreciation rights previously issued to Mr. Hunter in a manner consistent with their existing terms; a general release of claims by Mr. Hunter in favor of the Company; and Mr. Hunter’s agreement to comply with certain restrictive covenants. The foregoing description of the Separation Agreement is qualified in its entirety by reference to the full text of the form of Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this “Current Report”) and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

On March 6, 2026, the Company issued a press release regarding Mr. Hunter’s retirement, a copy of which is filed as Exhibit 99.1 to this Current Report and incorporated herein by reference.

The information under this Item 7.01, including Exhibit 99.1, to this Current Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information under this Item 7.01, including Exhibit 99.1, to this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibits are being furnished herewith: 

Exhibit Number						Description
10.1						Separation Agreement and General Release of Claims
99.1						Press release, dated March 6, 2026
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						MARRIOTT VACATIONS WORLDWIDE CORPORATION
						(Registrant)
Dated:			March 6, 2026			By:			/s/ Jason P. Marino
						Name:			Jason P. Marino
						Title:			Executive Vice President and Chief Financial Officer

1

Exhibit 99.1

									Neal Goldner Investor Relations 407-206-6149 Investor@mvwc.com
									Cameron Klaus Global Communications 407-206-6300 media@mvwc.com

James Hunter to Transition from Role as General Counsel After Nearly 20 Years with Marriott Vacations Worldwide

ORLANDO, Fla. — March 6, 2026 — Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today that, after nearly 20 years with the Company, Executive Vice President and General Counsel, James Hunter (“Jim”) will transition from his role on March 9, 2026 and retire on April 1, 2026.

“On behalf of our Board of Directors and associates, I thank Jim for his long‑standing service and the contributions he has made to our Company,” said Matt Avril, Chief Executive Officer of MVW.

Hunter began his in‑house legal career at Marriott International, Inc. (“Marriott”) in 1994, supporting global development and expansion initiatives. After leading legal support for Marriott’s growth across Asia‑Pacific, he relocated to Orlando in 2006 to lead the Law Department of Marriott Vacation Club International, overseeing significant expansion and the launch of the Marriott Vacation Club Destinations points product. He subsequently played a key role in the 2011 spin‑off that formed Marriott Vacations Worldwide Corporation and later led legal support for MVW’s merger with ILG in 2018.

Throughout his tenure, Hunter was known for building and developing high‑performing teams, with several former team members advancing to general counsel roles at other organizations.

Hunter has also been a longstanding leader within the vacation ownership industry, including serving as a principal architect of the current Code of Ethics of the American Resort Development Association (“ARDA”) and chair of the ARDA General Counsel Council. In addition, as part of his continued community involvement, Hunter will assume the role of president of Florida Citrus Sports in April 2026.

Hunter will remain with MVW in an advisory role through April 1, 2026 to assist with the transition.

“I am proud to have been part of this Company’s story and grateful to the colleagues, Board members, and industry partners who made it possible,” said Hunter.

About Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com.

FAQ

What leadership change did Marriott Vacations Worldwide (VAC) announce?

Marriott Vacations Worldwide announced that Executive Vice President, General Counsel and Secretary James H. Hunter, IV will leave his roles. He resigns effective March 9, 2026 and will retire on April 1, 2026, after nearly 20 years with the Company in senior legal positions.

What severance will James Hunter receive from Marriott Vacations Worldwide (VAC)?

James Hunter will receive a severance payment of $1,500,504 from Marriott Vacations Worldwide. This amount equals one and one-half times his 2026 base salary plus his 2026 target bonus, as specified in a separation agreement that also addresses equity awards and legal releases.

How will James Hunter’s equity awards be treated by Marriott Vacations Worldwide (VAC)?

James Hunter’s outstanding restricted stock units, performance shares and stock appreciation rights will be treated in a manner consistent with their existing terms. The separation agreement does not change how these awards vest or are handled, but confirms they follow the current plan provisions already in place.

What additional commitments did James Hunter make in his separation from Marriott Vacations (VAC)?

In his separation agreement, James Hunter provided a general release of claims in favor of Marriott Vacations Worldwide. He also agreed to comply with certain restrictive covenants, which typically limit post-employment activities, and will remain in an advisory role through April 1, 2026 to support leadership transition.

How did Marriott Vacations Worldwide (VAC) communicate James Hunter’s departure?

Marriott Vacations Worldwide furnished a press release dated March 6, 2026 as an exhibit describing James Hunter’s transition and retirement. The release highlights his nearly 20 years with the Company, his industry leadership roles, and notes he will assist in an advisory capacity through April 1, 2026.

What roles did James Hunter hold at Marriott Vacations Worldwide (VAC) and in the industry?

James Hunter served as Executive Vice President and General Counsel of Marriott Vacations Worldwide and previously led legal functions across Marriott brands. He helped structure the 2011 spin‑off forming the Company, supported the ILG merger, and was a principal architect of the American Resort Development Association’s Code of Ethics.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 9.5 KB

Agreements & Contracts

• EX-10.1 EX-10.1 269.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.4 KB