Gray Jonice M 4

What Happened
Jonice M. Gray, a director of Marriott Vacations Worldwide Corp (VAC), was issued 438 shares on 2026-03-17 as an award/grant (transaction code A). The filing reports the acquisition price as $0 because the shares were issued under the company's equity plan in settlement of deferred board fees; the award was fully vested at grant.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-18 (timely filing).
• Shares granted: 438; reported acquisition price: $0; total reported value: $0.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Shares were issued under the Marriott Vacations Worldwide Corporation 2020 Equity Incentive Plan pursuant to the director’s deferral election of board fees; fully vested and payable in common stock per the election.
• Transaction type: Award/Grant (A). No 10b5-1 plan, sale, or exercise noted.

Context
This issuance reflects routine compensation—director fees deferred into stock—rather than an open-market purchase or sale. Such grants are common and do not, by themselves, indicate the director buying or selling shares for investment reasons.