Marriott Vacations (VAC) Director Christian Asmar Sells 750,000 Shares

What Happened
Christian Asmar, a Managing Member of Impactive Capital LLC and a director of Marriott Vacations Worldwide Corp (VAC), reported the sale of 750,000 shares on August 19, 2026. The shares were sold at $111.49 each for a total reported proceeds of $83,617,500. The transaction is reported as an open-market or private sale (code "S").

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-20 (timely filing).
• Price per share: $111.49; Shares sold: 750,000; Total value: $83,617,500.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Reporting: Form 4 filed jointly by Impactive Capital LP, Impactive Capital LLC (Impactive GP), Christian Asmar and Lauren Taylor Wolfe.
• Footnotes: Securities are held by Impactive Funds; voting and investment power delegated to Impactive Capital. Reporting persons disclaim direct beneficial ownership except for any pecuniary interest. Asmar is also identified as a director for Section 16 purposes by deputization.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided details.

Context
This is a sale by a significant reporting person linked to an investment manager and funds (institutional-style ownership), not necessarily a direct personal disposition of privately held stock. Sales are common and do not by themselves indicate management view of the company’s prospects; purchases typically carry more weight for signaling.