Gustafson Lori M. 4

What Happened

• Lori M. Gustafson, Executive Vice President and Chief Membership and Commercial Services Officer at Marriott Vacations Worldwide (VAC), had 987 shares withheld by the company to satisfy tax withholding related to an equity transaction. The withholding was at $56.08 per share for a total value of approximately $55,351. The transaction date was 2026-02-17; the Form 4 was filed on 2026-02-18.

Key Details

• Transaction type: Tax withholding to satisfy tax liability (code F).
• Date of transaction: 2026-02-17; filing date: 2026-02-18 (timely).
• Shares withheld: 987 shares at $56.08 each; total value ≈ $55,351.
• Shares owned after transaction: not specified in this filing.
• Footnote: Shares were withheld by the company for payment of tax liability (net share settlement), not an open-market sale.

Context

• This is a routine tax-withholding disposition often seen when executives exercise options or vest restricted stock; the company retains shares to cover required tax withholding. Such withholdings are administrative and do not necessarily signal a decision to sell shares in the open market.