Bukkapatnam Raman 4

What Happened Bukkapatnam Raman, Executive Vice President and Chief Information Officer of Marriott Vacations Worldwide (VAC), had 373 shares withheld by the company to satisfy a tax liability tied to equity compensation. The shares were valued at $56.08 each for a total of $20,918 and were recorded on 2026-02-17. This is a tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date: 2026-02-17; price per share: $56.08; total value: $20,918.
• Transaction type/code: F — shares withheld by the company to pay taxes (treated as a disposition).
• Shares owned after transaction: not specified in this filing.
• Footnote F1: confirms shares were withheld by the Company for payment of tax liability.
• Footnote F2: filing balance was revised to reflect the reporting person's acquisition of 1 share under the 2015 ESPP (purchased at 95% of the Mar 31, 2025 closing price); that ESPP purchase is exempt under Rule 16b-3(c).
• Filing appears timely (reporting period 2026-02-17; filing date 2026-02-18).

Context Withholding shares to cover taxes is a routine administrative step following vesting or exercise of equity awards and is different from an open-market sale that might signal a change in sentiment. This transaction reflects tax withholding after an equity event rather than a discretionary sale or purchase by the insider.