4/A: Marriott Vacations Amends Executive SAR Exercise Price
Executive Compensation Amendment
Marriott Vacations Worldwide executive Bukkapatnam Raman filed an amended Form 4 to correct the exercise price of a Stock Appreciation Right granted on March 4, 2026.
Summary
- An amendment (Form 4/A) was filed by Bukkapatnam Raman, Executive Vice President and Chief Information Officer of Marriott Vacations Worldwide Corp. (VAC).
- The amendment corrects an administrative error in the previously filed Form 4 dated March 6, 2026, specifically regarding the conversion or exercise price of a Stock Appreciation Right (SAR).
- The correct conversion or exercise price for the SAR, granted on March 4, 2026, is $68.025.
- The SAR covers 20,361 underlying shares of Common Stock and vests in four equal installments over a four-year period, commencing February 15, 2027.
- The expiration date for the Stock Appreciation Right is March 4, 2036.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative correction, having no material impact on the company's operational or financial sentiment.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that this administrative correction to an executive's compensation filing is a routine compliance matter and does not reflect on broader industry trends in the hospitality or vacation ownership sectors.
Key Dates
| Date | Description |
|---|---|
| 03/04/2026 | Grant date of Stock Appreciation Right (SAR) to Bukkapatnam Raman |
| 03/06/2026 | Date original Form 4 was filed with an incorrect exercise price |
| 03/12/2026 | Date Form 4/A amendment was filed to correct the exercise price |
| 02/15/2027 | Start date for the four-year vesting period of the SAR |
| 03/04/2036 | Expiration date of the Stock Appreciation Right (SAR) |
Keywords
Marriott Vacations Worldwide, VAC, Form 4/A, Stock Appreciation Right, SAR, Executive Compensation, Bukkapatnam Raman, SEC Filing
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