Morgan Dianna 4

What Happened
Dianna Morgan, a non‑employee director of Marriott Vacations Worldwide (VAC), was granted 24 non‑employee director share awards on 2026-06-10. The awards were reported as an acquisition (code A) at $0.00 per share (total reported value $0) and vest immediately upon issuance under the terms described in the filing.

Key Details

• Transaction date: 2026-06-10 (reported on Form 4 filed 2026-06-11).
• Transaction type/code: Grant/Award (A).
• Shares acquired: 24 shares at $0.00 (total reported value $0).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The reporting person elected to receive dividends on these director awards as additional share awards; such additional awards vest immediately and are payable in common stock per the deferral election.
• Timeliness: Filing appears timely (filed the day after the transaction); no late‑filing indicator noted.

Context
This was an equity award to a non‑employee director (not a cash purchase or option exercise). Awards to directors are common compensation and, since these awards vest immediately and were paid in stock, they result in immediate ownership rather than a future contingent grant. Such grants are routine director compensation and should be viewed as administrative rather than a direct trading signal.