Marriott Vacations (VAC) officer granted stock and 63,629 SARs in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MARRIOTT VACATIONS WORLDWIDE Corp officer Jason P. Marino reported receiving equity awards in the form of a stock appreciation right and common shares. He was granted 63,629 stock appreciation rights and an award of 16,454 shares of common stock, both recorded as acquisitions.
The stock appreciation right vests in four equal installments over a four-year period beginning on February 15, 2027. Following the common stock award, Marino directly owned 49,372 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Marino Jason P.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Right | 63,629 | $0.00 | -- |
| Grant/Award | Common Stock | 16,454 | $0.00 | -- |
Holdings After Transaction:
Stock Appreciation Right — 63,629 shares (Direct);
Common Stock — 49,372 shares (Direct)
Footnotes (1)
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FAQ
What did Jason P. Marino acquire in this Form 4 for VAC?
Jason P. Marino received a grant of 63,629 stock appreciation rights and an award of 16,454 VAC common shares. Both transactions are recorded as equity awards rather than open-market purchases or sales, reflecting stock-based compensation to a company officer.
How do the stock appreciation rights granted to Marino vest at VAC?
The 63,629 stock appreciation rights granted to Jason P. Marino vest in four equal installments. Vesting begins on February 15, 2027 and continues annually over a four-year period, aligning the award’s potential value with Marino’s ongoing service at the company.
What transaction codes are used in Marino’s Marriott Vacations Form 4?
Both reported transactions use code “A,” indicating a grant, award, or other acquisition. One grant covers 63,629 stock appreciation rights, and the other covers 16,454 common shares, classifying these as compensatory equity awards instead of market purchases or sales.