Marriott Vacations (VAC) director granted 118 shares in dividend-equivalent award

Rhea-AI Filing Summary

Marriott Vacations Worldwide director Jonice M. Gray reported an automatic share award tied to dividends. On this Form 4, Gray acquired 118 shares of common stock at no cash cost, increasing her directly held position to 17,487 shares.

The filing explains that, as a non-employee director, Gray elected to receive any dividends on prior director share awards in the form of additional non-employee director share awards. These additional awards vest immediately upon issuance and are payable in common stock according to her prior deferral election.

Insights

Equity Compensation Analyst

Routine director dividend-equivalent share grant with limited signaling value.

The transaction shows Jonice M. Gray, a director of Marriott Vacations Worldwide, receiving 118 common shares as a non-cash award linked to dividends on prior non-employee director share awards. The award vests immediately and adds to her direct holdings.

This is a compensation-related acquisition, not an open-market purchase, so it carries weak informational value about Gray’s view of the stock. After the grant, she holds 17,487 shares directly, indicating the transaction is small relative to her overall reported position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gray Jonice M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	118	$0.00	--

Holdings After Transaction: Common Stock — 17,487 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 118 shares Price per share: $0.00 per share Shares held after transaction: 17,487 shares

3 metrics

Shares granted 118 shares Non-employee director share award tied to dividends

Price per share $0.00 per share Non-cash grant/award acquisition

Shares held after transaction 17,487 shares Direct holdings of Jonice M. Gray after grant

Key Terms

Non-Employee Director Share Awards, deferral election, vest immediately upon issuance

3 terms

Non-Employee Director Share Awards financial

"dividends with respect to the Non-Employee Director Share Awards issued to the Reporting Person"

deferral election financial

"payable in common stock as specified by the Reporting Person at the time of the deferral election"

vest immediately upon issuance financial

"Such additional awards vest immediately upon issuance and are payable in common stock"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Gray Jonice M

(Last) (First) (Middle)

7812 PALM PARKWAY

(Street)

ORLANDO FLORIDA 32836

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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

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

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

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
Common Stock	06/10/2026		A		118(1)	A	$0	17,487	D

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

Explanation of Responses:

1. The Reporting Person elected to receive any dividends with respect to the Non-Employee Director Share Awards issued to the Reporting Person in the form of additional Non-Employee Director Share Awards. Such additional awards vest immediately upon issuance and are payable in common stock as specified by the Reporting Person at the time of the deferral election.

Remarks:

	/s/ Harold Herman, Attorney-In-Fact	06/11/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Marriott Vacations Worldwide (VAC) report for Jonice M. Gray?

Marriott Vacations Worldwide director Jonice M. Gray reported receiving 118 common shares as a non-cash grant. These shares were issued as additional non-employee director share awards tied to dividends on prior awards and increased her direct holdings to 17,487 shares.

Was the Jonice M. Gray Form 4 transaction in VAC stock a market purchase or sale?

The Jonice M. Gray Form 4 for Marriott Vacations Worldwide was not a market buy or sell. It records a grant of 118 common shares as compensation, issued at no cash cost as dividend-equivalent non-employee director share awards that vest immediately upon issuance.

How many Marriott Vacations Worldwide (VAC) shares does Jonice M. Gray hold after this Form 4?

After the reported Form 4 transaction, Jonice M. Gray directly holds 17,487 shares of Marriott Vacations Worldwide common stock. The filing shows her position increased when she received 118 additional shares as a non-employee director award linked to dividends on prior share awards.

What triggered the 118-share award to VAC director Jonice M. Gray?

The 118-share award to director Jonice M. Gray was triggered by dividends on prior non-employee director share awards. She had elected to receive such dividends as additional share awards, which vest immediately and are payable in Marriott Vacations Worldwide common stock under her deferral election.

Does the Jonice M. Gray Form 4 suggest a change in VAC insider sentiment?

The Jonice M. Gray Form 4 mainly reflects routine compensation rather than a sentiment-driven trade. She acquired 118 shares through an automatic dividend-equivalent grant, not an open-market transaction, so it provides limited insight into her personal outlook on Marriott Vacations Worldwide stock.