Marriott Vacations (VAC) Director Dianna Morgan Receives Award

What Happened Dianna Morgan, a non-employee director of Marriott Vacations Worldwide Corp (VAC), was issued 21 shares as an award on 2026-09-30. The Form 4 reports these 21 shares at $0.00 per share (transaction code A — award/grant), so no cash was paid for the shares in this reporting entry.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 21; Reported price per share: $0.00 (value shown as $0 on the Form 4).
• Shares owned after transaction: not specified in the filing.
• Footnote: The reporting person elected to receive dividends as additional Non-Employee Director Share Awards; such additional awards vest immediately and are payable in common stock per the deferral election (Footnote F1).
• No 10b5-1 plan, tax-withholding sale, or late-filing indication noted.

Context This was an equity award issued to a non-employee director (a dividend-equivalent election that converts dividends into immediately vested shares). Such awards are routine compensation for directors and differ from open-market purchases or sales; they typically do not by themselves indicate a change in insider sentiment. The reported $0 value on the Form 4 reflects the mechanics of the award reporting, not the market value of the shares.