Marriott Vacations (VAC) executive Lori Gustafson granted stock and SAR awards

Rhea-AI Filing Summary

Marriott Vacations Worldwide Corp executive Lori M. Gustafson received new equity awards on February 15, 2026. She was granted 20,361 stock appreciation rights with an exercise price of $0.0000, which vest in four equal installments over the four-year period beginning on February 15, 2027.

She also acquired 5,265 shares of common stock as a grant or award, bringing her directly held common stock to 13,154 shares after the transaction. These transactions reflect equity-based compensation rather than open-market buying or selling.

Insights

Equity Compensation Analyst

Routine equity awards increase Gustafson’s incentive alignment without signaling trading sentiment.

The filing shows Lori M. Gustafson received 20,361 stock appreciation rights and 5,265 common shares as compensation awards. Code A and a per-share price of $0.0000 indicate these are grants, not open-market purchases, consistent with standard executive pay programs.

The stock appreciation rights vest in four equal installments over four years beginning February 15, 2027, creating a multi‑year retention and performance incentive. Because no shares were sold and no cash transaction occurred, a sophisticated investor would typically view this as an administrative update rather than a thesis-changing event.

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^*

Gustafson Lori M.

(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	13,154	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 Membership and Commercial Services 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 Lori M. Gustafson receive in this Marriott Vacations (VAC) Form 4 filing?

Lori M. Gustafson received equity-based compensation, including 20,361 stock appreciation rights and 5,265 shares of common stock. These were coded as grants or awards, meaning they were not open-market purchases but part of her executive compensation package at Marriott Vacations Worldwide.

How do Lori M. Gustafson’s new stock appreciation rights at VAC vest?

The 20,361 stock appreciation rights granted to Lori M. Gustafson vest in four equal installments over four years. Vesting begins on February 15, 2027, meaning portions of the award become exercisable annually, encouraging longer-term retention and alignment with Marriott Vacations Worldwide shareholder interests.

Did Lori M. Gustafson buy or sell VAC shares in the open market?

No open-market buying or selling occurred in this filing. The Form 4 shows acquisitions coded as grants or awards, with a transaction price of $0.0000 per share. This indicates equity compensation, not discretionary market trades, for Marriott Vacations Worldwide executive Lori M. Gustafson.

How many VAC common shares does Lori M. Gustafson hold after these grants?

After receiving a grant of 5,265 common shares, Lori M. Gustafson directly holds 13,154 Marriott Vacations Worldwide common shares. This reflects her post-transaction beneficial ownership reported in the Form 4 and shows her ongoing equity stake as an executive of the company.

What does the Form 4 transaction code “A” mean for this VAC insider filing?

Transaction code “A” indicates a grant, award, or other acquisition rather than a market trade. In this case, VAC executive Lori M. Gustafson received stock appreciation rights and common shares as part of compensation, with no reported purchase price, highlighting non-cash equity incentives.

Is this Marriott Vacations (VAC) Form 4 filing considered a major insider signal?

This filing reflects routine executive equity compensation rather than a major trading signal. Gustafson’s acquisitions were grants of stock appreciation rights and common shares, not open-market buys or sells, so they mainly document standard pay practices at Marriott Vacations Worldwide Corp.