Marriott Vacations (VAC) amends Form 4 on 20,361-share SAR grant

Rhea-AI Filing Summary

Marriott Vacations Worldwide officer Lori M. Gustafson reported an amended Form 4 for a compensation grant of stock appreciation rights. On March 4, 2026, she received 20,361 stock appreciation rights, each tied to one share of common stock, with a conversion or exercise price of $68.025.

The amendment corrects an earlier filing that had reported the wrong exercise price; no other terms changed. The award vests in four equal installments over a four-year period beginning on February 15, 2027, providing long-term, equity-linked incentive compensation rather than a buy or sell of existing shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gustafson Lori M.

(Last) (First) (Middle)

7812 PALM PARKWAY

(Street)

ORLANDO FL 32836

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARRIOTT VACATIONS WORLDWIDE Corp [ VAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$68.025(1)	03/04/2026		A		20,361		(2)	03/04/2036	Common Stock	20,361	$0	20,361	D

Explanation of Responses:

1. On March 6, 2026, due to an administrative error, the reporting person filed a Form 4 which reported the incorrect conversion or exercise price of the stock appreciation right granted on March 4, 2026. As reported in this amendment, the correct conversion or exercise price is $68.025. There are no other changes reported in this amendment.

2. Vests in four equal installments over the four-year period beginning on February 15, 2027.

Remarks:

Title: Executive Vice President and Chief Membership and Commercial Services Officer

	/s/ Harold Herman, Attorney-In-Fact	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Lori M. Gustafson report for VAC?

Lori M. Gustafson reported receiving a grant of 20,361 stock appreciation rights on March 4, 2026. Each right is linked to one share of Marriott Vacations Worldwide common stock, giving her equity-based compensation tied to the company’s future share price performance.

What correction does this amended Form 4 make for Marriott Vacations (VAC)?

The amended Form 4 corrects the conversion or exercise price of the March 4, 2026 stock appreciation right grant. The correct exercise price is $68.025 per right, and the filing states there are no other changes to the previously reported award terms.

How many stock appreciation rights did the Marriott Vacations officer receive?

The officer received 20,361 stock appreciation rights, each tied to Marriott Vacations Worldwide common stock. After the award, her total derivative holdings from this grant are 20,361 rights, reflecting a single compensation grant rather than multiple separate transactions.

What is the vesting schedule for Lori Gustafson’s VAC stock appreciation rights?

The stock appreciation rights vest in four equal installments over four years. Vesting begins on February 15, 2027, meaning one-quarter of the award becomes exercisable each year over that period, encouraging long-term alignment with Marriott Vacations Worldwide performance.

What is the exercise price of the VAC stock appreciation rights granted?

The corrected exercise price for the stock appreciation rights is $68.025 per underlying share of common stock. This price was misreported in a prior filing and is the sole change highlighted in the amended Form 4, according to the disclosed footnote.

Does this Marriott Vacations Form 4/A show any stock being bought or sold?

The Form 4/A reports a grant of stock appreciation rights as compensation, not an open-market purchase or sale of common shares. It records an acquisition of derivative securities, with no disclosed buy or sell transactions in Marriott Vacations Worldwide stock itself.