Impactive sells Marriott Vacations (NYSE: VAC) shares as 'portfolio rebalance'

Rhea-AI Filing Summary

Marriott Vacations Worldwide Corp (VAC) is the subject of this Amendment No. 4 to a Schedule 13D filed by Impactive Capital entities and principals Lauren Taylor Wolfe and Christian Asmar. The reporting group now reports beneficial ownership of 3,380,818 shares of VAC common stock, representing 9.8% of the outstanding shares.

The ownership percentage is based on 34,395,320 shares outstanding as of July 30, 2026, as disclosed in Marriott Vacations Worldwide Corp’s Form 10-Q for the quarter ended June 30, 2026. The reporting persons have shared voting and dispositive power over all 3,380,818 shares and no sole voting or dispositive power.

The amendment updates the purpose and interest-in-securities sections to reflect that recent sales of VAC shares, detailed in an attached schedule, were conducted to effectuate a portfolio rebalancing. The reporting persons state these sales are not an indication of their view on the issuer’s future prospects.

Key Figures

Shares beneficially owned: 3,380,818 shares Ownership percentage: 9.8% Shares outstanding: 34,395,320 shares +3 more

6 metrics

Shares beneficially owned 3,380,818 shares VAC common shares beneficially owned by each reporting person

Ownership percentage 9.8% Percent of VAC common stock class represented by 3,380,818 shares

Shares outstanding 34,395,320 shares VAC shares outstanding as of July 30, 2026, from Form 10-Q

Sole voting power 0 shares VAC shares over which each reporting person has sole voting power

Shared voting power 3,380,818 shares VAC shares over which each reporting person has shared voting power

Event date 08/19/2026 Date of event requiring the Schedule 13D amendment filing

Key Terms

Schedule 13D, beneficially owned, shared voting power, shared dispositive power, +1 more

5 terms

Schedule 13D regulatory

"The following constitutes Amendment No. 4 ("Amendment No. 4") to the originally filed"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

beneficially owned financial

"for the aggregate number of Shares and percentage of Shares beneficially owned by each Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"Shared Voting Power 3,380,818.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 3,380,818.00"

portfolio rebalancing financial

"undertaken for the purposes of effectuating a portfolio rebalancing"

Portfolio rebalancing is the regular practice of adjusting the mix of investments — such as stocks, bonds and cash — to restore a target allocation after market moves. It matters to investors because it helps maintain the original risk level and investment goals, like trimming positions that grew too large and boosting ones that fell, similar to trimming an overgrown garden to keep all plants healthy and in balance.

FAQ

What percentage of Marriott Vacations Worldwide Corp (VAC) does Impactive Capital now beneficially own?

Impactive Capital and its principals report beneficial ownership of 9.8% of VAC’s common stock, equal to 3,380,818 shares, based on 34,395,320 shares outstanding as of July 30, 2026, as disclosed in Marriott Vacations Worldwide Corp’s Form 10-Q.

How many Marriott Vacations Worldwide Corp (VAC) shares does Impactive Capital control voting and disposition for?

The reporting persons have shared voting and shared dispositive power over 3,380,818 VAC shares and no sole voting or dispositive power. This means all reported influence is held jointly through the group rather than individually by any one reporting person.

What is the stated purpose of Impactive Capital’s recent trades in Marriott Vacations Worldwide Corp (VAC)?

The filing states that recent sales of VAC securities were made to effectuate a portfolio rebalancing. The reporting persons further state that these sales are not an indication of their view on Marriott Vacations Worldwide Corp’s future prospects.

On what share count does Impactive Capital base its 9.8% ownership in VAC?

The 9.8% ownership is calculated using 34,395,320 VAC shares outstanding as of July 30, 2026. This outstanding share figure comes from Marriott Vacations Worldwide Corp’s Form 10-Q for the quarter ended June 30, 2026, filed on August 6, 2026.

Who are the reporting persons in this Schedule 13D/A for Marriott Vacations Worldwide Corp (VAC)?

The reporting persons are Impactive Capital, Impactive Capital LLC, and individuals Lauren Taylor Wolfe and Christian Asmar. They report shared voting and dispositive power over 3,380,818 VAC shares as part of a coordinated group.

What does Amendment No. 4 to the Schedule 13D on VAC primarily change?

Amendment No. 4 updates Items 4 and 5(a)-(c), revising the stated purpose of transaction and the interest in VAC securities. It reflects recent share sales for portfolio rebalancing and confirms current beneficial ownership of 3,380,818 VAC shares, or 9.8%.

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

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Available on EDGAR 08/20/2026 - 03:06 PM Accepted by SEC EDGAR 08/20/2026 - 03:06 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

MARRIOTT VACATIONS WORLDWIDE Corp

(Name of Issuer)

Common stock, par value $0.01 per share

(Title of Class of Securities)

57164Y107

(CUSIP Number)

Christian Asmar
Impactive Capital LP, 450 West 14th Street, 12th Floor
New York, NY, 10014
212-218-8810

Lauren Taylor Wolfe
Impactive Capital LP, 450 West 14th Street, 12th Floor
New York, NY, 10014
212-218-8810

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/19/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 57164Y107

1

Name of reporting person

Impactive Capital LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,380,818.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,380,818.00

11

Aggregate amount beneficially owned by each reporting person

3,380,818.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13D

CUSIP Number(s): 57164Y107

1

Name of reporting person

Impactive Capital LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,380,818.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,380,818.00

11

Aggregate amount beneficially owned by each reporting person

3,380,818.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 57164Y107

1

Name of reporting person

Lauren Taylor Wolfe

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,380,818.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,380,818.00

11

Aggregate amount beneficially owned by each reporting person

3,380,818.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 57164Y107

1

Name of reporting person

Christian Asmar

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,380,818.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,380,818.00

11

Aggregate amount beneficially owned by each reporting person

3,380,818.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common stock, par value $0.01 per share
(b)	Name of Issuer: MARRIOTT VACATIONS WORLDWIDE Corp
(c)	Address of Issuer's Principal Executive Offices: 7812 Palm Parkway, Orlando, FLORIDA , 32836.
Item 1 Comment: The following constitutes Amendment No. 4 ("Amendment No. 4") to the Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on April 19, 2024 (as amended, the "Schedule 13D"). This Amendment No. 4 amends Items 4 and 5(a)-(c) as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 4 have the meanings set forth in the Schedule 13D.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended to add the following: The sales of the securities reported herein were undertaken for the purposes of effectuating a portfolio rebalancing and are not an indication of the Reporting Persons' view on the future prospects of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated as follows: See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentage of Shares beneficially owned by each Reporting Person. The aggregate percentage of Shares reported to be beneficially owned by each Reporting Person is based upon 34,395,320 Shares outstanding as of July 30, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the SEC on August 6, 2026.
(b)	Item 5(b) is hereby amended and restated as follows: See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	Item 5(c) is hereby amended and restated as follows: The transactions in the Shares effected by the Reporting Persons during the past sixty (60) days are set forth on Schedule A attached hereto and incorporated by reference herein.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Impactive Capital LP

Signature:	/s/ Christian Asmar
Name/Title:	By: Impactive Capital LLC, General Partner, By: Christian Asmar, Managing Member
Date:	08/20/2026

Impactive Capital LLC

Signature:	/s/ Christian Asmar
Name/Title:	Christian Asmar, Managing Member
Date:	08/20/2026

Lauren Taylor Wolfe

Signature:	/s/ Lauren Taylor Wolfe
Name/Title:	Lauren Taylor Wolfe, Individually
Date:	08/20/2026

Christian Asmar

Signature:	/s/ Christian Asmar
Name/Title:	Christian Asmar, Individually
Date:	08/20/2026