Fuller & Thaler reports 4.99% stake in Marriott Vacations (VAC)

Rhea-AI Filing Summary

Fuller & Thaler Asset Management, Inc. filed an amended ownership report showing beneficial ownership of 1,725,532.99 shares of Marriott Vacations Worldwide Corp common stock, representing 4.99% of the class as of 12/31/2025.

The firm reports sole power to vote 1,700,924.99 shares and sole power to dispose of 1,725,532.99 shares, with no shared voting or dispositive power. Fuller & Thaler certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Marriott Vacations Worldwide.

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Accepted by SEC EDGAR 02/17/2026 - 01:46 PM Learn about SEC filing dates

FAQ

What ownership stake does Fuller & Thaler report in VAC common stock?

Fuller & Thaler reports beneficial ownership of 1,725,532.99 shares of Marriott Vacations Worldwide common stock, representing 4.99% of the class as of December 31, 2025. This stake is just under the 5% threshold that typically triggers Schedule 13D filings.

How much voting power does Fuller & Thaler have in Marriott Vacations Worldwide (VAC)?

Fuller & Thaler reports sole voting power over 1,700,924.99 shares of Marriott Vacations Worldwide common stock and no shared voting power. This means it alone can vote those shares, reflecting its role as an investment adviser managing client assets.

Does Fuller & Thaler control how VAC shares are sold or disposed of?

Fuller & Thaler reports sole dispositive power over 1,725,532.99 shares and no shared dispositive power. Dispositive power means the authority to decide when and how to sell or otherwise dispose of the shares on behalf of its clients.

Why is Fuller & Thaler filing a Schedule 13G/A for VAC instead of a 13D?

Fuller & Thaler certifies that the VAC securities were acquired and are held in the ordinary course of business and not to change or influence control of the company. This permits a short-form Schedule 13G/A instead of the more detailed Schedule 13D.

What type of entity is Fuller & Thaler in this VAC ownership filing?

Fuller & Thaler Asset Management, Inc. is identified as a California corporation and an investment adviser under Rule 13d-1(b)(1)(ii)(E). It files on behalf of client accounts that hold Marriott Vacations Worldwide common stock it manages.

Does Fuller & Thaler indicate any intent to influence control of Marriott Vacations Worldwide?

No. Fuller & Thaler specifically certifies the VAC shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, nor in connection with any transaction having that purpose or effect.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

MARRIOTT VACATIONS WORLDWIDE Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

57164Y107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 57164Y107

1

Names of Reporting Persons

Fuller & Thaler Asset Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,700,924.99
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,725,532.99
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,725,532.99

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.99 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MARRIOTT VACATIONS WORLDWIDE Corp
(b)	Address of issuer's principal executive offices: 6649 Westwood Blvd, Orlando, FL 32821
Item 2.
(a)	Name of person filing: Fuller & Thaler Asset Management, Inc.
(b)	Address or principal business office or, if none, residence: 411 Borel Avenue, Suite 300, San Mateo, CA 94402
(c)	Citizenship: California corporation
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 57164Y107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,725,532.99
(b)	Percent of class: 4.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,700,924.99
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,725,532.99
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Fuller & Thaler Asset Management, Inc.

Signature:	/s/ Hanna Zanoni
Name/Title:	Chief Compliance Officer
Date:	02/17/2026