4/A: Marriott Vacations Officer Amends SAR Filing
Insider Transaction Amendment
John D. Fitzgerald, a former officer of Marriott Vacations Worldwide Corp, amended a Form 4 to correct the exercise price of 30,542 Stock Appreciation Rights.
Summary
- An amendment (Form 4/A) was filed by John D. Fitzgerald, a former officer of Marriott Vacations Worldwide Corp (VAC).
- The amendment corrects an administrative error in a previously filed Form 4 dated March 6, 2026.
- The correct conversion or exercise price for 30,542 Stock Appreciation Rights (SARs) granted on March 4, 2026, is $68.025.
- The SARs will vest in four equal installments over a four-year period, commencing on February 15, 2027.
- The expiration date for these Stock Appreciation Rights is March 4, 2036.
- John D. Fitzgerald ceased to be an officer of the Issuer as of March 6, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, primarily an administrative correction of an insider transaction, with no material impact on the company's operational or financial outlook.
Future Outlook
The Stock Appreciation Rights granted to John D. Fitzgerald are scheduled to vest in four equal installments over a four-year period, commencing on February 15, 2027, and will expire on March 4, 2036.
Industry Context
StockSavvy.ai notes that Form 4/A filings are routine for correcting administrative errors in insider transaction reports. This specific amendment pertains to executive compensation details for a former officer of Marriott Vacations Worldwide, a common occurrence in the hospitality and timeshare industry where equity-based compensation is prevalent.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Officer | John D. Fitzgerald | N/A | 03/06/2026 | Cessation of officer role. |
Stakeholder Impact
- Shareholders: Minimal direct impact, as it's an administrative correction of an existing compensation grant. The correction ensures accurate disclosure of executive compensation.
Next Steps
- Vesting of Stock Appreciation Rights in four equal installments over four years, beginning February 15, 2027.
- Expiration of Stock Appreciation Rights on March 4, 2036.
Key Dates
| Date | Description |
|---|---|
| 03/04/2026 | Grant date of 30,542 Stock Appreciation Rights to John D. Fitzgerald. |
| 03/06/2026 | Original Form 4 filed with incorrect exercise price; John D. Fitzgerald ceased to be an officer. |
| 03/12/2026 | Amendment (Form 4/A) signed and filed to correct the exercise price. |
| 02/15/2027 | Start date for the four-year vesting period of the Stock Appreciation Rights. |
| 03/04/2036 | Expiration date of the Stock Appreciation Rights. |
Keywords
Marriott Vacations Worldwide, VAC, Stock Appreciation Rights, SARs, SEC Form 4/A, Insider Transaction, Executive Compensation, John D. Fitzgerald
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