Bukkapatnam Raman 4/A

What Happened
Bukkapatnam Raman, Executive Vice President and Chief Information Officer at Marriott Vacations Worldwide (VAC), was granted 20,361 derivative awards (reported as a grant/award) on March 4, 2026. The award was reported with no cash paid at grant; the correct conversion/exercise price for the stock appreciation rights (SARs) is $68.025 per share (amendment corrected this price). The SARs vest in four equal installments over a four-year period beginning February 15, 2027.

Key Details

• Transaction date: March 4, 2026 (Amended Form 4 filed March 12, 2026; original Form 4 filed March 6 had an incorrect exercise price)
• Award: 20,361 SARs (derivative award), reported acquisition amount $0 at grant
• Exercise/conversion price: $68.025 per SAR (corrected via amendment)
• Vesting: Four equal annual installments starting Feb 15, 2027
• Shares owned after transaction: Not specified in the provided filing data
• Footnotes: F1 explains the amendment corrected an administrative error in the originally reported exercise price; F2 describes the vesting schedule
• Filing status: This is an amended filing to correct the exercise price; no other changes reported

Context: These are stock appreciation rights (a form of derivative compensation). They do not involve an immediate purchase of shares; the holder benefits if the company’s stock rises above the exercise price ($68.025). Such grants are typically part of executive compensation and do not, by themselves, signal a buy or sell decision.