Avril Matthew E 4/A

What Happened Matthew E. Avril, CEO of Marriott Vacations Worldwide (VAC), was granted 112,184 stock appreciation rights (reported as a derivative award) on March 4, 2026. The Form 4 shows the award acquired at $0.00 (standard for awards); the correct conversion/exercise price for the SARs is $68.025 (amended filing). This is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: March 4, 2026; Award type: stock appreciation rights (transaction code A).
• Quantity: 112,184 SARs; conversion/exercise price: $68.025 (corrected in this amendment).
• Reported acquisition price on form: $0.00 (derivative award).
• Vesting: vests in three equal installments over a three-year period beginning February 15, 2027 (per footnote).
• Filing history: initial Form 4 was filed March 6, 2026 but contained an incorrect exercise price; this amended Form 4 (filed March 12, 2026) corrects the price. No other changes reported.
• Shares owned after the transaction: not specified in the provided filing details.

Context Stock appreciation rights (SARs) are a form of equity compensation that pay the holder the increase in the company’s share price above the exercise price (here $68.025) upon settlement; they do not represent an immediate cash purchase or sale of common stock. Grants like this are commonly part of executive compensation and do not by themselves indicate the insider is buying or selling stock for investment reasons.