Flaskey Michael 4

What Happened

• Michael Flaskey, President and Chief Operating Officer of Marriott Vacations Worldwide (VAC), was granted multiple restricted stock units (RSUs) on March 4, 2026 and had 10,887 shares disposed to satisfy tax withholding. The withholding was executed at $68.03 per share, generating approximately $740,643.
• Grants reported: 30,000 RSUs that vested immediately (acquisition price $0); 25,749 time‑vested RSUs (acquire $0) that vest in three equal annual installments beginning Feb 15, 2027; and two performance/derivative RSU awards of 75,000 and 102,568 target shares (acquisition price $0) that vest subject to certification and stock‑price performance (0%–200% of target) with distribution following certification (vest dates of Dec 31, 2028 or Jun 30, 2029 as applicable).

Key Details

• Transaction date: March 4, 2026. Form 4 filed March 6, 2026 (timely filing).
• Shares disposed for tax withholding: 10,887 shares at $68.03 → ~$740,643 (code F).
• Grants: 30,000 (immediate vesting, F1); 25,749 (time‑vested over 3 years starting Feb 15, 2027, F2); 75,000 and 102,568 (performance-based, F3).
• Acquisition price listed as $0 for all grants indicates RSU awards, not purchases.
• Shares owned after transaction: not specified in the provided excerpt.
• Filing remark: Insider title listed as President and Chief Operating Officer.

Context

• The only shares sold/removed from Flaskey’s holdings were withheld to satisfy tax obligations on RSU vesting — a routine administrative step, not an open‑market sell for liquidity or investment signal.
• Performance RSUs (the derivative awards) may pay out between 0% and 200% of target based on future stock performance and will be distributed only after issuer certification; they are contingent compensation, not immediate shares.