Pighini Kathleen A. 4/A

What Happened

• Kathleen A. Pighini, Senior Vice President, Corporate Controller and Chief Accounting Officer at Marriott Vacations Worldwide (VAC), was granted 2,800 derivative awards on March 4, 2026. The grant was reported with an acquisition price of $0.00 (a compensation award). An amended Form 4 corrects the conversion/exercise price for these stock appreciation rights to $68.025 per share. No cash was paid for the award.

Key Details

• Transaction date: March 4, 2026; Form 4 originally filed March 6, 2026 and amended March 12, 2026 to correct the exercise price (administrative error).
• Award: 2,800 stock appreciation rights (SARs); reported acquisition price $0.00 (grant).
• Corrected exercise/conversion price: $68.025 per share (per amendment footnote).
• Vesting: Vests in four equal installments over four years beginning February 15, 2027 (per footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Amendment note: The sole change in this filing is the corrected conversion/exercise price; no other terms were altered.

Context

• Stock appreciation rights (SARs) are derivative compensation that typically pay the increase in value above the exercise price (often settled in shares or cash); their future value depends on the stock’s price at settlement/exercise. Grants like this are common executive compensation and do not by themselves indicate buying or selling intent.