Flaskey Michael 4/A

What Happened

• Michael Flaskey, President and Chief Operating Officer of Marriott Vacations Worldwide (VAC), was granted 102,568 stock appreciation rights (SARs) on March 4, 2026. The Form 4 reports the grant as a derivative award (acquisition value reported as $0) and the correct conversion/exercise price is $68.025 per share (amendment corrects an earlier filing error).

Key Details

• Transaction date: March 4, 2026 (reported originally on Form 4 filed March 6, 2026; this filing is an amendment filed March 12, 2026 to correct the exercise price).
• Award: 102,568 stock appreciation rights (derivative award).
• Exercise/conversion price: $68.025 per share (corrected in this amendment; original filing reported an incorrect price).
• Reported acquisition value on the Form 4: $0 (derivative grant reported as award).
• Vesting: Vests in three equal installments over three years beginning February 15, 2027 (footnote).
• Shares owned after transaction: Not specified in the provided excerpt of this filing.
• Filing timeliness: Original Form 4 was filed March 6 (shortly after the March 4 grant); this is an amendment correcting an administrative error in the reported exercise price.

Context

• Stock appreciation rights (SARs) are a form of equity compensation that pay the holder the appreciation in the company’s stock price above the exercise price, typically in shares or cash upon exercise; they are not an immediate purchase of shares and do not by themselves indicate buying or selling sentiment.
• The award vests over time, so Flaskey must wait for scheduled vesting (starting Feb 15, 2027) before realizing value; the amendment simply corrects the exercise price and does not change the number of SARs granted.