Marriott Vacations CEO reports 50,000-share grant, 100,000 SARs

Rhea-AI Filing Summary

Marriott Vacations Worldwide (VAC) reported an insider equity award by its Interim President and Chief Executive Officer, who is also a Director. On 11/13/2025, the officer acquired 50,000 shares of common stock at a reported price of $0. Following this transaction, the officer beneficially owned 52,981 common shares, held directly.

The officer also received 100,000 Stock Appreciation Rights (SARs) with an exercise price of $46.755 per share. These SARs are first exercisable on 11/13/2026 and expire on 11/13/2031, with underlying entitlement to 100,000 shares of common stock. The derivative securities were recorded at a price of $0 and are held directly.

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).

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^*

Avril Matthew E

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/13/2025

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	11/13/2025		A		50,000	A	$0	52,981	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	$46.755	11/13/2025		A		100,000		11/13/2026	11/13/2031	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

Remarks:

Title: Interim President and Chief Executive Officer

	/s/ Harold Herman, Attorney-In-Fact	11/14/2025
	** 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.

FAQ

What did VAC’s insider report on Form 4?

The Interim President and CEO, also a Director, reported acquiring 50,000 common shares at $0 and receiving 100,000 SARs with a $46.755 exercise price.

How many VAC shares does the reporting person own after the transaction?

The officer beneficially owned 52,981 common shares following the reported transaction, held directly.

What are the key terms of the Stock Appreciation Rights (SARs)?

The SARs cover 100,000 underlying common shares, have a $46.755 exercise price, become exercisable on 11/13/2026, and expire on 11/13/2031.

Was cash paid for the acquired VAC shares or SARs?

The filing lists the common stock acquisition price as $0 and the derivative price as $0.

What is the relationship of the reporting person to VAC?

The individual is a Director and an Officer, titled Interim President and Chief Executive Officer.

When did the VAC insider transactions occur?

The transactions were dated 11/13/2025.