Butera Stephanie Sobeck 4

What Happened

• Stephanie Sobeck Butera, listed as Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership, had 387 Marriott Vacations Worldwide (VAC) shares withheld to satisfy tax liability tied to an equity award or option. The shares were valued at $56.08 each, totaling about $21,703.
• This was a tax-withholding disposition (code F), not an open-market sale — a routine administrative action when awards vest or options are exercised.

Key Details

• Transaction date: 2026-02-17
• Price per share: $56.08; Shares withheld/disposed: 387; Total value: ~$21,703
• Transaction code: F (shares withheld by the company to pay tax liability)
• Shares owned after the transaction: Not disclosed in this Form 4
• Filing: Form 4 filed 2026-02-18 (timely filing — next business day)

Context

• Tax-withholding disposals are common when restricted stock vests or options are exercised; they do not represent a directional market trade by the insider. This filing shows an administrative withholding to cover taxes rather than a cash sale in the open market.