QUAZZO STEPHEN R 4
Research Summary
AI-generated summary
Marriott Vacations (VAC) Director Stephen Quazzo Receives Award
What Happened
- Stephen R. Quazzo, a director of Marriott Vacations Worldwide (VAC), was granted 24 non-employee director share awards on 2026-06-10. The awards were issued at a $0 per-share acquisition price (total reported value $0). This was an award/compensation grant rather than a market purchase or sale.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (appears timely).
- Grant type/code: A (Award, grant or other acquisition).
- Shares granted: 24; price per share: $0.00; reported total $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The reporting person elected to receive any dividends on these awards as additional non-employee director share awards; such additional awards vest immediately upon issuance and are payable in common stock as specified by the reporting person.
Context
- Grants to non-employee directors are routine compensation for board service and do not necessarily signal a change in the director's view of the company's stock. The dividend-election footnote indicates dividends are being taken as immediate, vested stock awards rather than cash.