Marriott Vacations (VAC) director receives 31-share dividend-equivalent grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marriott Vacations Worldwide director William Joseph Shaw received an equity grant rather than making an open-market trade. He acquired 31 shares of common stock on account of his election to take dividends on his Non-Employee Director Share Awards in additional share awards.
According to the filing, these additional awards vest immediately upon issuance and are payable in common stock based on his prior deferral election. After this routine compensation-related acquisition, he directly holds a total of 203,613 shares of Marriott Vacations Worldwide common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHAW WILLIAM JOSEPH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 203,613 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did William Joseph Shaw report for VAC?
Director William Joseph Shaw reported acquiring 31 shares of Marriott Vacations Worldwide common stock. The shares came as an additional Non-Employee Director Share Award tied to dividend equivalents, not an open-market purchase or sale, and are part of his routine director compensation structure.
Was this VAC Form 4 transaction a market buy or sell?
No, it was not a market buy or sell. The Form 4 shows an “A” code transaction, meaning a grant or award acquisition. The 31 additional shares arose from his election to receive dividend equivalents as stock-based Non-Employee Director Share Awards.