4/A: Marriott Vacations Amends Executive's Stock Award Price

Marriott Vacations Worldwide Corp. filed an amended Form 4 to correct the exercise price of Stock Appreciation Rights granted to Executive Vice President Lori M. Gustafson.

Summary

• An amendment (Form 4/A) was filed by Lori M. Gustafson, Executive Vice President and Chief Membership and Commercial Services Officer of Marriott Vacations Worldwide Corp. (VAC).
• The amendment corrects an administrative error in the previously filed Form 4 dated March 6, 2026.
• The correction pertains to the conversion or exercise price of 20,361 Stock Appreciation Rights (SARs) granted on March 4, 2026.
• The correct conversion or exercise price for these SARs is $68.025.
• The SARs vest in four equal installments over a four-year period, commencing on February 15, 2027, and expire on March 4, 2036.
• No other changes were reported in this amendment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, merely an administrative correction to ensure accuracy in executive compensation disclosures, with no material impact on company operations or financial health.

Positives

• The filing clarifies the terms of an executive's compensation, ensuring accuracy in public disclosures.

Negatives

• An administrative error required an amendment, indicating a minor internal reporting oversight.

Future Outlook

This filing is an amendment correcting past data; it does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine amendments to executive compensation filings, such as Form 4/A, are common in the industry to ensure compliance and accuracy in public disclosures. This specific amendment does not indicate any broader industry trends or competitive shifts.

Comparison to Industry Standards

• This filing is an administrative correction of an executive compensation grant and does not provide performance metrics for comparison to industry standards or specific comparable companies.

Stakeholder Impact

• Shareholders: Provides accurate information regarding executive compensation, ensuring transparency.
• Management: Corrects the record for the reporting person's compensation.

Next Steps

• The SARs will vest in four equal installments over the four-year period beginning on February 15, 2027.

Key Dates

Recommendation

This filing is an administrative correction of an executive compensation detail and does not provide new information that would warrant a change in investment recommendation. It merely rectifies a minor error in a previously disclosed grant, maintaining the status quo.

Keywords

Marriott Vacations Worldwide, VAC, Form 4/A, Stock Appreciation Rights, SARs, Executive Compensation, Lori M. Gustafson, SEC Filing, Amendment