Marriott Vacations Worldwide C SEC Filings

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.

Marriott Vacations Worldwide officer John D. Fitzgerald reported equity awards that increase his holdings in the company. On March 4, 2026, he acquired 30,542 Stock Appreciation Rights and a grant of 7,898 shares of common stock, both at a stated price of $0.00 per share as awards.

The Stock Appreciation Rights vest in four equal installments over a four‑year period beginning on February 15, 2027. Following these awards, Fitzgerald directly owned 33,458.85 shares of common stock. In addition, the filing notes 1,013.08 shares of common stock held indirectly by his spouse.

MARRIOTT VACATIONS WORLDWIDE Corp officer Stephanie Sobeck Butera reported equity awards on Common Stock and Stock Appreciation Rights. She acquired 12,726 Stock Appreciation Rights and a grant of 3,291 shares of Common Stock on a grant or award basis, both at a stated price of $0.00 per share.

The footnote states that 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 rather than all at once.

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.

Marriott Vacations Worldwide executive Denise N. Haeggberg, Chief Human Resources Officer, filed an initial statement of beneficial ownership. As of March 1, 2026, she reports direct holdings of 849 stock appreciation rights and several common stock positions of 175, 809, 1,737 and 786 shares. Footnotes state that these awards vest in four approximately equal installments beginning on February 15, 2024, February 15, 2025, and February 15, 2026, with an earlier grant having vested over four years starting February 15, 2022.

Marriott Vacations Worldwide Corporation reported a senior leadership change involving its top legal executive. Executive Vice President, General Counsel and Secretary James H. Hunter, IV resigned from these roles at the Company’s request effective March 9, 2026 and will retire on April 1, 2026.

Under a separation agreement, Mr. Hunter will receive a $1,500,504 severance payment, equal to one and one-half times his 2026 base salary plus 2026 target bonus, while his outstanding equity awards will be treated according to their existing terms. He provided a general release of claims and agreed to restrictive covenants. The Company also furnished a press release highlighting his nearly 20 years of service and outlining his advisory role through April 1, 2026.

Marriott Vacations Worldwide executive James H. Hunter IV reported a mix of equity transactions involving stock appreciation rights and common shares. On February 27, he exercised a stock appreciation right covering 7,444 shares, receiving 7,444 shares of common stock at a stated price of $61.71 per share.

On the same date, he disposed of 7,159 shares of common stock to the issuer at $65.94 per share in a transaction coded as a disposition to the company. After these transactions, he directly owned 47,703 shares of Marriott Vacations Worldwide common stock. A related footnote states the underlying right had vested in four equal installments beginning February 15, 2017.

Marriott Vacations Worldwide Corporation outlines its 2025 operations and strategy as a global vacation ownership and exchange company built around upper-upscale and luxury brands such as Marriott Vacation Club, Sheraton, Westin, Ritz-Carlton, St. Regis and Hyatt Vacation Club.

In 2025, total segment revenue was $5,018 million, with Vacation Ownership contributing $4,805 million, or 96%, and Exchange & Third-Party Management contributing $213 million, or 4%. The company had 120 resorts and about 700,000 owner families, plus an Interval International network of more than 3,200 affiliated resorts and 1.5 million members.

Management highlights a strategy focused on profitable revenue growth, recurring fee-based income, capital-efficient inventory management, expanded digital capabilities and data analytics, and high owner and member satisfaction. As of December 31, 2025, non‑affiliate market value was about $2.18 billion, with 34.3 million common shares outstanding in February 2026.

Marriott Vacations Worldwide reported a sharp GAAP loss for the fourth quarter and full year 2025, driven by large non-cash impairment charges, while underlying operations remained profitable on an adjusted basis and the company issued 2026 guidance.

For Q4 2025, consolidated contract sales were $458 million. Net loss attributable to common stockholders was $431 million, or -$12.43 per diluted share, largely reflecting $546 million of non-cash impairments plus restructuring and modernization costs. Adjusted net income was $68 million, or $1.86 per diluted share, and Adjusted EBITDA reached $186 million.

For full year 2025, consolidated contract sales were $1.8 billion. The company posted a GAAP net loss of $308 million, or -$8.84 per diluted share, compared with a prior-year profit, mainly due to $577 million of impairments. Adjusted net income was $276 million and Adjusted EBITDA was $751 million, both modestly above 2024 levels, and $171 million was returned to shareholders via dividends and buybacks.

Impairments included write-downs of inventory and future phases in North America, real estate held for disposition, and goodwill and intangibles related to the prior ILG acquisition. The company ended 2025 with $3.5 billion of corporate debt, $2.1 billion of non-recourse securitized debt, and total liquidity of $1.4 billion, including $406 million of cash. In January 2026 it repaid $575 million of maturing convertible debt and sold the Westin Resort & Spa in Cancun for $50 million.

For 2026, Marriott Vacations guided to contract sales of $1.745–$1.815 billion, Adjusted EBITDA of $755–$780 million, Adjusted diluted EPS of $7.05–$7.80, and Adjusted free cash flow of $375–$425 million. A reporting change that moves warehouse credit facility interest into consumer financing interest will reduce Adjusted EBITDA by $10–$15 million but will not affect GAAP net income, adjusted net income, or adjusted free cash flow.