Flaskey Michael 4

4 · MARRIOTT VACATIONS WORLDWIDE Corp · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 6, 2026

Marriott Vacations (VAC) President Michael Flaskey Receives RSU Awards; 10,887 Withheld

What Happened

Michael Flaskey, President and Chief Operating Officer of Marriott Vacations Worldwide (VAC), was granted multiple restricted stock units (RSUs) on March 4, 2026 and had 10,887 shares disposed to satisfy tax withholding. The withholding was executed at $68.03 per share, generating approximately $740,643.
Grants reported: 30,000 RSUs that vested immediately (acquisition price $0); 25,749 time‑vested RSUs (acquire $0) that vest in three equal annual installments beginning Feb 15, 2027; and two performance/derivative RSU awards of 75,000 and 102,568 target shares (acquisition price $0) that vest subject to certification and stock‑price performance (0%–200% of target) with distribution following certification (vest dates of Dec 31, 2028 or Jun 30, 2029 as applicable).

Key Details

Transaction date: March 4, 2026. Form 4 filed March 6, 2026 (timely filing).
Shares disposed for tax withholding: 10,887 shares at $68.03 → ~$740,643 (code F).
Grants: 30,000 (immediate vesting, F1); 25,749 (time‑vested over 3 years starting Feb 15, 2027, F2); 75,000 and 102,568 (performance-based, F3).
Acquisition price listed as $0 for all grants indicates RSU awards, not purchases.
Shares owned after transaction: not specified in the provided excerpt.
Filing remark: Insider title listed as President and Chief Operating Officer.

Context

The only shares sold/removed from Flaskey’s holdings were withheld to satisfy tax obligations on RSU vesting — a routine administrative step, not an open‑market sell for liquidity or investment signal.
Performance RSUs (the derivative awards) may pay out between 0% and 200% of target based on future stock performance and will be distributed only after issuer certification; they are contingent compensation, not immediate shares.

Form 4

Period: 2026-03-04

See Remarks

Transactions

Award
Common Stock
[F1]
2026-03-04+30,000→ 30,000 total
Tax Payment
Common Stock
2026-03-04$68.03/sh−10,887$740,643→ 19,113 total
Award
Common Stock
[F2]
2026-03-04+25,749→ 44,862 total
Award
Performance Stock Unit
[F3]
2026-03-04+75,000→ 75,000 total
→ Common Stock (150,000 underlying)
Award
Stock Appreciation Right
[F2]
2026-03-04+102,568→ 102,568 total
Exercise: $60.78Exp: 2036-03-04→ Common Stock (102,568 underlying)

Footnotes (3)

[F1]Represents restricted stock units issued pursuant to the Issuer's 2020 Equity Incentive Plan, which vest in full immediately on the grant date.
[F2]Vests in three equal installments over the three-year period beginning on February 15, 2027.
[F3]Represents restricted stock units granted at a target level and vests on December 31, 2028, or June 30, 2029, as applicable, and to be distributed following the Issuer's certification of performance. The actual number of shares of common stock that may be earned will range from 0% to 200% of the target number based on the achievement of specified stock price performance goals over the applicable performance period.

Signature

/s/ Harold Herman, Attorney-In-Fact|2026-03-06

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