VAC (NYSE: VAC) executive exercises 7,444 SARs and disposes 7,159 shares

Rhea-AI Filing Summary

Marriott Vacations Worldwide executive James H. Hunter IV reported a mix of equity transactions involving stock appreciation rights and common shares. On February 27, he exercised a stock appreciation right covering 7,444 shares, receiving 7,444 shares of common stock at a stated price of $61.71 per share.

On the same date, he disposed of 7,159 shares of common stock to the issuer at $65.94 per share in a transaction coded as a disposition to the company. After these transactions, he directly owned 47,703 shares of Marriott Vacations Worldwide common stock. A related footnote states the underlying right had vested in four equal installments beginning February 15, 2017.

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
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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).

X

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^*

HUNTER JAMES H IV

(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)
02/27/2026

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

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
Common Stock	02/27/2026		M		7,444	A	$61.71	54,862	D
Common Stock	02/27/2026		D		7,159	D	$65.94	47,703	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
Stock Appreciation Right	$61.71	02/27/2026		M			7,444	(1)	02/28/2026	Common Stock	7,444	$0	0	D

Explanation of Responses:

1. Vested in four equal installments over the four-year period beginning on February 15, 2017.

Remarks:

Title: Executive Vice President, General Counsel and Secretary

	/s/ Harold Herman, Attorney-In-Fact	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did James H. Hunter IV report for VAC?

James H. Hunter IV exercised a stock appreciation right for 7,444 shares and disposed of 7,159 common shares to Marriott Vacations Worldwide. These moves converted a derivative award into stock and then transferred part of those shares back to the company, leaving him with 47,703 shares.

How many Marriott Vacations Worldwide (VAC) shares does Hunter own after this Form 4?

After the reported transactions, James H. Hunter IV directly owns 47,703 shares of Marriott Vacations Worldwide common stock. This figure reflects the shares received from exercising a stock appreciation right and the subsequent 7,159-share disposition to the issuer on February 27.

What derivative security did Hunter exercise in the VAC Form 4 filing?

Hunter exercised a stock appreciation right covering 7,444 underlying shares. The exercise converted this derivative award into an equal number of Marriott Vacations Worldwide common shares at a stated price of $61.71 per share, consistent with a transaction code M for derivative exercise or conversion.

What was the nature of the 7,159-share transaction in VAC common stock?

The 7,159-share transaction in VAC common stock was a disposition to the issuer, coded D. Hunter transferred these shares back to Marriott Vacations Worldwide at $65.94 per share, reducing his directly held shares while completing part of the equity award settlement.

How did Hunter’s stock appreciation right in VAC vest over time?

The stock appreciation right vested in four equal installments over four years beginning February 15, 2017. This vesting schedule meant portions of the award became exercisable annually, culminating in the February 27 exercise of 7,444 underlying shares reported in the Form 4.