Marriott Vacations exec granted 20,361 SARs

Marriott Vacations Worldwide reported an amended insider transaction for officer Raman Bukkapatnam.

Rhea-AI Filing Summary

Marriott Vacations Worldwide reported an amended insider transaction for officer Raman Bukkapatnam. The filing shows a grant of stock appreciation rights covering 20,361 shares of common stock, with a conversion or exercise price of $68.025 per share and expiration on March 4, 2036.

The amendment corrects an earlier Form 4 that reported an incorrect exercise price for this March 4, 2026 grant. These stock appreciation rights vest in four equal installments over a four-year period beginning on February 15, 2027, reflecting a compensation award rather than an open-market trade.

Insider Trade Summary

Grant/Award: 20,361 shares

Grant/Award 1 txn

Insider Bukkapatnam Raman

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	20,361	$0.00	$0.00

Holdings After Transaction: Stock Appreciation Right — 20,361 contracts (Direct)

Footnotes (2)

1. F1. 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. F2. Vests in four equal installments over the four-year period beginning on February 15, 2027.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Marriott Vacations (VAC) report in this Form 4/A?

Marriott Vacations (VAC) reported a grant of stock appreciation rights to officer Raman Bukkapatnam. The award covers 20,361 shares of common stock at a set exercise price, functioning as equity-based compensation rather than an open-market stock purchase or sale.

Why did Marriott Vacations (VAC) file an amended Form 4/A for Raman Bukkapatnam?

The company filed an amended Form 4/A to correct the conversion or exercise price of Bukkapatnam’s stock appreciation right granted on March 4, 2026. The amendment states the correct exercise price is $68.025 per share and confirms there are no other changes to the reported transaction.

What is the size and exercise price of Raman Bukkapatnam’s stock appreciation right at VAC?

Raman Bukkapatnam received a stock appreciation right covering 20,361 shares of Marriott Vacations common stock. The corrected conversion or exercise price for this award is $68.025 per share, as disclosed in the amended Form 4/A filed to fix an earlier administrative error.

How does the Marriott Vacations (VAC) stock appreciation right for Raman Bukkapatnam vest over time?

The stock appreciation right vests in four equal installments over a four-year period. Vesting begins on February 15, 2027, meaning a quarter of the award becomes exercisable each year, aligning Bukkapatnam’s equity compensation with longer-term service at Marriott Vacations Worldwide.

When does Raman Bukkapatnam’s Marriott Vacations (VAC) stock appreciation right expire?

The stock appreciation right granted to Raman Bukkapatnam expires on March 4, 2036. After that date, any unexercised portion of the 20,361-share award can no longer be used to realize value based on Marriott Vacations Worldwide’s common stock performance.

Does this Marriott Vacations (VAC) Form 4/A reflect an open-market buy or sell of shares?

No, the Form 4/A reflects a grant of stock appreciation rights, not an open-market buy or sell. The transaction is coded as an acquisition related to a grant or award and represents equity-based compensation rather than a direct purchase or sale of existing VAC shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/12/2026 - 12:09 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Bukkapatnam Raman

(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 Information 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.