Marriott Vacations Worldwide C SEC Filings

Marriott Vacations Worldwide (VAC) announced a leadership change. At the Board’s request, President and CEO John E. Geller, Jr. resigned effective November 10, 2025, and also left the Board. The Board reduced its size from twelve to eleven directors as of the same date.

Matthew E. Avril, a current director, was appointed Interim President and CEO effective upon Mr. Geller’s departure. Under a separation agreement, Mr. Geller will receive severance of $5 million plus a prorated 2025 bonus of $1,286,301, with his outstanding equity awards treated per existing terms. As interim CEO, Mr. Avril will receive a $1 million annual base salary and equity grants covering 100,000 stock appreciation rights and 50,000 restricted stock units, each vesting in full after the earlier of twelve months from grant or termination of his employment.

Marriott Vacations Worldwide (VAC) reported Q3 2025 results. Total revenues were $1.263 billion and the company posted a net loss of $2 million, or diluted EPS of $(0.07). Results reflected elevated one-time costs, including $53 million of modernization expense and a $31 million impairment, alongside $43 million of interest expense.

By line item, sale of vacation ownership products was $358 million, management and exchange $214 million, rental $150 million, and financing $90 million. Year to date, revenues reached $3.709 billion with net income attributable to common stockholders of $123 million (diluted EPS $3.27). The balance sheet showed cash and cash equivalents of $474 million, debt (net) of $3.533 billion, and securitized debt (net) of $2.107 billion. The company acquired 48 completed units at Marriott Vacation Club, Waikiki for $82 million in Q3 and 52 units in Khao Lak, Thailand for $50 million in Q2. Cash from operations was $22 million for the first nine months, and the quarterly dividend was $0.79 per share. Shares outstanding were 34,613,991 as of October 31, 2025.

Marriott Vacations Worldwide (VAC) filed an 8-K stating it furnished a press release reporting financial results for the quarter ended September 30, 2025. The release is attached as Exhibit 99.1 and, under General Instruction B.2, the information in Item 2.02 is not deemed “filed.”

The company also plans to post a new investor presentation on November 6, 2025 in the Investor Relations – Events and Presentations section of its website (www.marriottvacationsworldwide.com). The company notes it uses its website to share information that may be deemed material under Regulation FD.

BlackRock, Inc. filed Amendment No. 14 to Schedule 13G disclosing beneficial ownership in Marriott Vacations Worldwide (VAC).

As of 09/30/2025, BlackRock reported 3,366,770 shares beneficially owned, representing 9.7% of the class. It held 3,270,338 shares with sole voting power and 3,366,770 shares with sole dispositive power, with 0 shared voting or dispositive power.

BlackRock certified the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Various underlying persons may have rights to dividends or sale proceeds, but no single person’s interest exceeds 5% of the outstanding common shares.

William Joseph Shaw, a Director of Marriott Vacations Worldwide Corp (VAC), received 32 additional Non-Employee Director Share Awards on 10/01/2025. The awards were issued at $0 per share as dividend-equivalent awards and vest immediately upon issuance. After the transaction the Reporting Person beneficially owned 183,547 shares of common stock on a direct basis. The filing was signed by Harold Herman, Attorney-In-Fact on 10/02/2025. The filer elected to receive dividends on prior Non-Employee Director Share Awards in the form of additional awards payable in common stock, as described in the explanation section.

Marriott Vacations Worldwide Corporation director and 10% owner Christian Asmar, together with Impactive Capital LP, Impactive Capital LLC and Lauren Taylor Wolfe, reported a joint Form 4 for a non‑derivative acquisition on 09/16/2025. The filing discloses issuance of 356 shares of common stock under the companys 2020 Equity Incentive Plan in lieu of board fees; those shares were fully vested at grant and issued at no cash price. Following the transaction, the Reporting Persons disclose an aggregate indirect beneficial ownership of 4,046,340 shares, held by funds/accounts managed by Impactive Capital. The report clarifies delegation of voting and investment power to Impactive Capital and includes disclaimers of direct beneficial ownership by the funds and by Mr. Asmar.

Jonice M. Gray, a director of Marriott Vacations Worldwide Corporation (VAC), received 389 shares of common stock on 09/16/2025 under the company’s 2020 Equity Incentive Plan as payment deferral for board fees. The shares were fully vested at grant and were issued at no cash price to the reporting person. After the issuance, the reporting person beneficially owned 11,971 shares. The Form 4 was filed as a single reporting-person filing and executed by an attorney-in-fact on 09/17/2025.