Avril Matthew E 4

What Happened

• Matthew E. Avril, CEO of Marriott Vacations Worldwide (VAC), was granted a total of 215,347 shares/units on March 4, 2026. The grants consist of 28,163 restricted units (non-derivative) and two derivative awards of 75,000 and 112,184 units. All items were reported at $0.00 (no cash paid).

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026.
• Grants and amounts: 28,163 units (A, $0.00), 75,000 units (A, $0.00, derivative), 112,184 units (A, $0.00, derivative). Total = 215,347 units.
• Vesting/performance notes:
  • F1: Certain units vest in three equal installments over a three‑year period beginning Feb 15, 2027.
  • F2: Represents restricted stock units granted at target levels that vest on Dec 31, 2028 or June 30, 2029 as applicable; payout will be 0%–200% of target depending on stock‑price performance.
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Filing appears timely (reporting the Mar 4 awards in a Mar 6 Form 4).

Context

• These are awards (compensation grants), not open‑market purchases or sales; awards at $0 are typical for RSUs/PSUs and do not involve immediate cash exchange. The two derivative grants are performance‑based restricted stock units — the final number of shares delivered may vary based on achievement of performance goals (0–200% of the target). Such grants are common executive compensation and do not by themselves indicate immediate insider buying or selling.