Marriott Vacations Worldwide Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$VAC
Real Estate
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 21, 2026
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In connection with an internal reorganization, effective July 31, 2026, the position of Executive Vice President and Chief Brand and Digital Officer is being eliminated, and accordingly, Lori Gustafson will separate from the Company.
Ms. Gustafson entered into a separation agreement with the Company in connection with her separation from service with the Company (the “Separation Agreement”). The Separation Agreement provides for, among other things, a severance payment of $1,425,000, representing one and one-half times Ms. Gustafson’s 2026 base salary plus 2026 target bonus. Ms. Gustafson is also eligible to receive an additional payment depending on MVW’s actual performance in 2026. Ms. Gustafson’s outstanding restricted stock units, performance shares and stock appreciation rights will be treated in a manner generally consistent with their existing terms. These benefits are contingent upon a general release of claims by Ms. Gustafson in favor of the Company, and Ms. Gustafson’s agreement to comply with certain restrictive covenants. The foregoing description of the Separation Agreement is qualified in its entirety by reference to the full text of the form of Separation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) The following exhibits are being furnished herewith:
| Exhibit Number | Description | |||||||
| Separation Agreement and General Release of Claims | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MARRIOTT VACATIONS WORLDWIDE CORPORATION | |||||||||||
| (Registrant) | |||||||||||
| Dated: | July 21, 2026 | By: | /s/ Jason P. Marino | ||||||||
| Name: | Jason P. Marino | ||||||||||
| Title: | Executive Vice President and Chief Financial Officer | ||||||||||
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