Marriott (VAC) EVP/CIO Bukkapatnam Raman Withholds 1,051 Shares

What Happened
Bukkapatnam Raman, Executive Vice President and Chief Information Officer of Marriott Vacations Worldwide (VAC), had 1,051 shares withheld by the company to satisfy a tax liability related to an equity event. The shares were withheld at a per-share price of $120.23, for a total value of approximately $126,362. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-17; Form 4 filed with the SEC on 2026-08-18.
• Shares withheld: 1,051 at $120.23 per share; total value ≈ $126,362.
• Transaction code: F (shares withheld by the company to pay tax liability). Footnote F1 confirms withholding for tax payment.
• Shares owned after the transaction: not reported in the provided filing.
• Timeliness: filing appears timely (filed the next day); no late filing indicated.

Context
Tax-withholding dispositions are common after stock option exercises or vesting of restricted stock units; the company withholds shares to cover tax obligations rather than the insider selling shares on the open market. Such withholding reduces the insider's share count but is not a signal of market-selling intent. Purchases or open-market sales typically provide clearer signals about insider sentiment; this withholding is an administrative step to meet tax obligations.