Marriott Vacations (VAC) officer receives new stock and SAR awards

Rhea-AI Filing Summary

Bukkapatnam Raman reported acquisition or exercise transactions in this Form 4 filing.

Marriott Vacations Worldwide officer Bukkapatnam Raman reported awards of stock-based compensation. On March 4, 2026, Raman received 20,361 Stock Appreciation Rights and a grant of 5,265 shares of common stock, both at a stated price of $0.00 per share as equity awards.

The Stock Appreciation Rights vest in four equal installments over a four-year period beginning on February 15, 2027, meaning the award becomes exercisable gradually over time. Following these grants, Raman directly holds 20,361 Stock Appreciation Rights and 13,706 shares of common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bukkapatnam Raman

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	20,361	$0.00	--
Grant/Award	Common Stock	5,265	$0.00	--

Holdings After Transaction: Stock Appreciation Right — 20,361 shares (Direct); Common Stock — 13,706 shares (Direct)

Footnotes (1)

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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^*

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)

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	03/04/2026		A		5,265(1)	A	$0	13,706	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	$60.78	03/04/2026		A		20,361		(1)	03/04/2036	Common Stock	20,361	$0	20,361	D

Explanation of Responses:

1. 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	03/06/2026
	** 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.

FAQ

What did Bukkapatnam Raman acquire in the latest VAC Form 4 filing?

Bukkapatnam Raman received equity awards consisting of 20,361 Stock Appreciation Rights and 5,265 shares of Marriott Vacations Worldwide common stock. These were reported as grants, not open-market purchases, and were recorded at a stated price of $0.00 per share as compensation.

How do the Stock Appreciation Rights granted to Raman at Marriott Vacations work?

Raman’s 20,361 Stock Appreciation Rights give him value based on future stock appreciation rather than current cash. According to the filing, these rights vest in four equal installments over four years, beginning February 15, 2027, aligning the award with longer-term company performance.

When do Bukkapatnam Raman’s Marriott Vacations Stock Appreciation Rights vest?

The Stock Appreciation Rights vest in four equal installments over the four-year period starting February 15, 2027. Each year after that start date, one-quarter of the total grant becomes vested, progressively increasing Raman’s exercisable SAR position tied to Marriott Vacations Worldwide stock.

How many Marriott Vacations common shares does Raman hold after these grants?

After the reported award of 5,265 common shares, Raman directly holds 13,706 Marriott Vacations Worldwide common shares. This total reflects his updated ownership position following the March 4, 2026 equity grant disclosed in the Form 4 insider transaction report.

Were Raman’s Marriott Vacations equity transactions open-market buys or grants?

The reported activity reflects grant or award acquisitions, not open-market buying. Both the Stock Appreciation Rights and the 5,265 common shares are coded as award-type acquisitions, consistent with compensation-related stock grants typically made under company equity incentive programs.