GALBREATH LIZANNE 4

What Happened

• Lizanne Galbreath, a non‑employee director of Marriott Vacations Worldwide Corp (VAC), was granted 117 shares as a director award on 2026-03-18. The filing reports an acquisition (code A) of 117 shares at $0.00 (award/issuance), i.e., no cash purchase was made.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-19 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 117; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: The reporting person elected to receive dividends on these director awards as additional awards that vest immediately and are payable in common stock (see F1).
• No 10b5-1 plan, tax‑withholding sale, or late filing was indicated.

Context

• This was an equity award as part of non‑employee director compensation, not a market purchase or sale. Such awards are routine corporate compensation and do not necessarily signal the director’s view of the company’s near‑term prospects.