Marcus Andrew T. 4

What Happened
Andrew T. Marcus, General Counsel and Corporate Secretary of Marriott Vacations Worldwide (VAC), was granted a total of 18,419 shares on 2026-03-19. The filing shows 3,784 shares acquired at $0.00 (immediate award) and 14,635 shares reported as a derivative award at $0.00. These were reported on a Form 4 filed 2026-03-20.

Key Details

• Transaction date: 2026-03-19; filing date: 2026-03-20 (timely filing).
• Reported prices: $0.00 per share (award/grant, not a market purchase).
• Share breakdown: 3,784 shares (direct award) + 14,635 derivative shares = 18,419 total.
• Vesting note (F1): The derivative portion vests in four approximately equal installments over a four-year period beginning March 19, 2027.
• Shares owned after the transaction: not specified in the Form 4 filing.
• No 10b5-1 plan, tax-withholding, or sale activity noted in this filing.

Context
The $0.00 price indicates these were compensation awards rather than purchases or sales. The derivative award likely represents restricted or deferred/share-settled awards that will convert to common shares as they vest under the stated schedule. Awards to executives are common as part of compensation packages and do not by themselves indicate a buy/sell signal; they reflect company compensation decisions rather than open-market insider buying or selling.