STOCK TITAN
  1. Home
  2. Sec-filings
  3. VAC
  4. [Form 4] MARRIOTT VACATIONS WORLDWIDE CORPORATION Insider Trading Activity

Marriott Vacations (VAC) Insider Purchase Adds 750,000 Shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 snapshot: On 20 June 2025, Impactive Capital LP, its general partner Impactive Capital LLC, and managing members Christian Asmar and Lauren Taylor Wolfe jointly reported open-market purchases of Marriott Vacations Worldwide Corporation (VAC) common stock. All four reporting persons are identified as both Directors and >10 % owners of VAC.

Transaction details (Table I):

  • 17 Jun 2025 – Purchase (P) of 412,449 shares at $67.605 per share.
  • 18 Jun 2025 – Purchase (P) of 337,551 shares at $68.1082 per share.
The combined acquisition totals 750,000 shares at an average price of roughly $67.86.

Ownership impact: Following the two trades, the group’s indirect beneficial holding rose from 3,295,984 to 4,045,984 shares, an approximate 23 % increase. The shares are held by certain Impactive funds that have delegated all voting and investment authority to Impactive Capital.

Governance context: Because Christian Asmar serves on VAC’s board—and the reporting persons are considered “directors by deputization”—the purchases are notable insider transactions. Each filer disclaims beneficial ownership beyond their pecuniary interest.

Signatures & timing: The Form 4 is dated 20 Jun 2025, covering trades made 17-18 Jun 2025. Signatures from both Asmar and Wolfe confirm the filing.

Positive

  • Large insider purchase of 750,000 VAC shares at an average price of $67.86, indicating increased economic commitment by a >10 % owner and director.
  • Post-transaction beneficial holding rises to 4,045,984 shares, a 23 % increase, suggesting heightened alignment with shareholder interests.

Negative

  • None.

Insights

TL;DR: Impactive insiders bought 750k VAC shares at ~$68, boosting stake to 4.0 M; sizeable director buying is a constructive signal.

The two-day purchase adds roughly 23 % to Impactive’s position and lifts its beneficial ownership to just over 4 million shares. Insider accumulation of this magnitude—executed in the open market rather than via option exercise—often reflects a conviction that shares are undervalued. The average purchase price of ~$67.9 compares with prior-month trading ranges in the low-70s, suggesting the buyer acted during a modest pullback. Given the filers are >10 % owners with board representation, their trading activity is closely watched by institutional investors and can serve as a sentiment indicator. No sales were reported, eliminating concerns about mixed insider signals.

TL;DR: Board-affiliated 10 % owner increased exposure through funds it controls; governance structure unchanged but influence strengthens.

The filing underscores that voting/investment authority resides with Impactive Capital via management agreements, while the underlying funds disclaim direct control. Such delegation is common for activist or concentrated owners and preserves fund-level liability limits. By adding 750 k shares, Impactive deepens its economic alignment with shareholders, potentially reinforcing its voice in strategic decisions. No changes to board composition or control rights are disclosed; therefore, the event is financially material but governance-neutral. The transparent joint filing also meets Section 16 obligations, maintaining compliance integrity.

Insider Asmar Christian, Impactive Capital LP, Impactive Capital LLC, Wolfe Lauren Taylor
Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
Bought 750,000 shs ($50.87M)
Type Security Shares Price Value
Purchase Common stock, par value $0.01 per share 337,551 $68.1082 $22.99M
Purchase Common stock, par value $0.01 per share 412,449 $67.605 $27.88M
Holdings After Transaction: Common stock, par value $0.01 per share — 4,045,984 shares (Indirect, See Footnote)
Footnotes (2)
  1. F1. This Form 4 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein.
  2. F2. The securities of Marriott Vacations Worldwide Corporation (the "Issuer") reported herein are held directly by certain funds and/or accounts (the "Impactive Funds"). Pursuant to an Investment Management Agreement, the Impactive Funds have delegated all voting and investment power over the securities directly held by the Impactive Funds and their general partners to Impactive Capital, which serves as the investment manager of the Impactive Funds. Impactive GP, as the general partner of Impactive Capital, and each of Mr. Asmar and Ms. Taylor Wolfe, as Managing Members of Impactive GP, may be deemed to exercise voting and investment power over such securities. The Impactive Funds specifically disclaim beneficial ownership of such securities by virtue of their inability to vote or dispose of such securities as a result of such delegation to Impactive Capital.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

How many Marriott Vacations (VAC) shares did Impactive Capital buy in June 2025?
The Form 4 reports purchases totaling 750,000 common shares on 17-18 Jun 2025.

What prices were paid for the VAC shares?
Shares were acquired at $67.605 on 17 Jun 2025 and $68.1082 on 18 Jun 2025.

What is Impactive Capital’s total VAC ownership after these trades?
Beneficial ownership increased to 4,045,984 shares held indirectly through Impactive funds.

Why are the reporting persons classified as directors and 10 % owners?
Christian Asmar serves on VAC’s board, and the group’s 4.0 M-share position exceeds the 10 % ownership threshold, triggering both classifications.

When was the Form 4 for Marriott Vacations filed?
The document was signed and filed on 20 June 2025.
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*
Asmar Christian
(Last) (First) (Middle)
450 WEST 14TH STREET, 12TH FLOOR
(Street)
NEW YORK CITY NY 10014
(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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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, par value $0.01 per share(1) 06/17/2025 P 412,449 A $67.605 3,708,433 I See Footnote(2)
Common stock, par value $0.01 per share(1) 06/18/2025 P 337,551 A $68.1082 4,045,984 I See Footnote(2)
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
1. Name and Address of Reporting Person*
Asmar Christian
(Last) (First) (Middle)
450 WEST 14TH STREET, 12TH FLOOR
(Street)
NEW YORK CITY NY 10014
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Impactive Capital LP
(Last) (First) (Middle)
450 WEST 14TH STREET, 12TH FLOOR
(Street)
NEW YORK CITY NY 10014
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Impactive Capital LLC
(Last) (First) (Middle)
450 WEST 14TH STREET, 12TH FLOOR
(Street)
NEW YORK CITY NY 10014
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Wolfe Lauren Taylor
(Last) (First) (Middle)
450 WEST 14TH STREET, 12TH FLOOR
(Street)
NEW YORK CITY NY 10014
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. This Form 4 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein.
2. The securities of Marriott Vacations Worldwide Corporation (the "Issuer") reported herein are held directly by certain funds and/or accounts (the "Impactive Funds"). Pursuant to an Investment Management Agreement, the Impactive Funds have delegated all voting and investment power over the securities directly held by the Impactive Funds and their general partners to Impactive Capital, which serves as the investment manager of the Impactive Funds. Impactive GP, as the general partner of Impactive Capital, and each of Mr. Asmar and Ms. Taylor Wolfe, as Managing Members of Impactive GP, may be deemed to exercise voting and investment power over such securities. The Impactive Funds specifically disclaim beneficial ownership of such securities by virtue of their inability to vote or dispose of such securities as a result of such delegation to Impactive Capital.
Remarks:
Christian Asmar, Managing Member of Impactive Capital LLC, the general partner of Impactive Capital LP, is a director of the Issuer. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer.
/s/ Christian Asmar 06/20/2025
IMPACTIVE CAPITAL LP, By: Impactive Capital LLC, its general partner, By: /s/ Lauren Taylor Wolfe, Managing Member 06/20/2025
IMPACTIVE CAPITAL LLC, By: /s/ Lauren Taylor Wolfe, Managing Member 06/20/2025
/s/ Lauren Taylor Wolfe 06/20/2025
** 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.

Source: View Original Filing on SEC EDGAR