VAC (NYSE: VAC) CEO Matthew Avril receives performance-based stock and SAR awards

Rhea-AI Filing Summary

Avril Matthew E reported acquisition or exercise transactions in this Form 4 filing.

Marriott Vacations Worldwide Corp director and Chief Executive Officer Matthew E. Avril reported equity awards on March 4, 2026. He received 75,000 Performance Stock Units, 112,184 Stock Appreciation Rights, and a grant of 28,163 shares of common stock as restricted stock units.

The Stock Appreciation Rights vest in three equal installments over the three-year period beginning on February 15, 2027. The restricted stock units tied to common stock are performance-based and vest on December 31, 2028 or June 30, 2029, depending on the tranche, following certification of performance. The actual shares earned can range from 0% to 200% of the target amount based on specified stock price performance goals.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Avril Matthew E

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Stock Unit	75,000	$0.00	--
Grant/Award	Stock Appreciation Right	112,184	$0.00	--
Grant/Award	Common Stock	28,163	$0.00	--

Holdings After Transaction: Performance Stock Unit — 75,000 shares (Direct); Stock Appreciation Right — 112,484 shares (Direct); Common Stock — 86,182 shares (Direct)

Footnotes (1)

1. Vests in three equal installments over the three-year period beginning on February 15, 2027. Represents restricted stock units granted at a target level and vests on December 31, 2028, or June 30, 2029, as applicable, and to be distributed following the Issuer's certification of performance. The actual number of shares of common stock that may be earned will range from 0% to 200% of the target number based on the achievement of specified stock price performance goals over the applicable performance period.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Avril Matthew E

(Last) (First) (Middle)

7812 PALM PARKWAY

(Street)

ORLANDO FL 32836

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARRIOTT VACATIONS WORLDWIDE Corp [ VAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		A		28,163(1)	A	$0	86,182	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Stock Unit	(2)	03/04/2026		A		75,000		(2)	(2)	Common Stock	150,000(2)	$0	75,000(2)	D
Stock Appreciation Right	$60.78	03/04/2026		A		112,184		(1)	03/04/2036	Common Stock	112,184	$0	112,484	D

Explanation of Responses:

1. Vests in three equal installments over the three-year period beginning on February 15, 2027.

2. Represents restricted stock units granted at a target level and vests on December 31, 2028, or June 30, 2029, as applicable, and to be distributed following the Issuer's certification of performance. The actual number of shares of common stock that may be earned will range from 0% to 200% of the target number based on the achievement of specified stock price performance goals over the applicable performance period.

Remarks:

	/s/ Harold Herman, Attorney-In-Fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did VAC CEO Matthew E. Avril report on this Form 4?

Matthew E. Avril reported equity award acquisitions, not market purchases or sales. He received 75,000 Performance Stock Units, 112,184 Stock Appreciation Rights, and 28,163 restricted shares of VAC common stock as part of his compensation package on March 4, 2026.

How many Performance Stock Units did VAC grant to its CEO Matthew E. Avril?

VAC granted Matthew E. Avril 75,000 Performance Stock Units. These units represent a target award level and the actual shares ultimately delivered will depend on achieving specified stock price performance goals over the applicable performance period, subject to the plan’s terms and performance certification.

What Stock Appreciation Rights were awarded to VAC CEO Matthew E. Avril?

Matthew E. Avril was awarded 112,184 Stock Appreciation Rights. These awards vest in three equal installments over the three-year period beginning on February 15, 2027, giving him potential value based on VAC’s stock performance over that vesting schedule.

What are the terms of the VAC restricted stock units granted to Matthew E. Avril?

The 28,163 VAC restricted stock units are performance-based and vest on December 31, 2028 or June 30, 2029, as applicable. Shares are distributed after the company certifies performance, with potential payout from 0% to 200% of the target amount based on stock price goals.

Are Matthew E. Avril’s VAC equity awards dependent on future performance?

Yes, key awards are performance-based. The Performance Stock Units and certain restricted stock units can result in 0% to 200% of target shares, depending on VAC’s stock price performance over the specified periods and subsequent certification of those performance results.

Did VAC CEO Matthew E. Avril buy or sell common stock in the market in this filing?

No, this filing reports equity awards, not open-market trades. All transactions are coded as grants or other acquisitions at a price of $0.00 per share, reflecting compensation awards rather than discretionary buying or selling of VAC common stock.