Haeggberg Denise N. 4/A
Research Summary
AI-generated summary
Marriott Vacations (VAC) CHRO Denise Haeggberg Receives Award
What Happened
Denise N. Haeggberg, Chief Human Resources Officer of Marriott Vacations Worldwide (VAC), was granted 10,181 derivative awards on March 4, 2026. The awards are stock appreciation rights (SARs) reported as an award/acquisition (code A) with a reported acquisition price of $0.00; the correct conversion/exercise price for the SARs is $68.025 (this amendment corrects an earlier incorrect price). These awards do not represent immediate open‑market purchases or sales of shares.
Key Details
- Transaction date: March 4, 2026 (amended Form 4 filed March 12, 2026; original Form 4 filed March 6, 2026 with an incorrect exercise price).
- Award: 10,181 SARs (derivative), reported acquisition price $0.00; correct conversion/exercise price $68.025 (per amendment).
- Vesting: Vests in four equal installments over four years beginning February 15, 2027.
- Shares owned after transaction: Not specified in this filing.
- Filing status: This is an amendment correcting the exercise/conversion price (administrative error noted); no other changes reported.
Context
SARs give the holder the right to receive the appreciation in value above the exercise price, typically settled in stock or cash upon exercise and subject to the stated vesting schedule. Because this was an award (not an open‑market purchase or sale), it does not itself indicate immediate buying or selling of company stock. The amendment simply corrects the SAR exercise price reported in the original Form 4.