{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-301061","form_type":"8-K","ticker":"VAC","cik":"0001524358","company_name":"MARRIOTT VACATIONS WORLDWIDE Corp","filed_at":"2022-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.974118+00:00","generated_at":"2026-06-21T07:28:57.939360+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"VAC issues $575M 3.25% convertible notes due 2027, enters hedge and warrant transactions","bullets":["Issued $575M aggregate principal amount of 3.25% Convertible Senior Notes due Dec 15, 2027; initial conversion price ~$189.65 per share.","Entered convertible note hedge transactions costing $107.1M to reduce potential dilution upon conversion.","Sold warrants with strike price $286.26 per share for $43.6M; combined with hedge, net cost ~$63.5M.","Notes are senior unsecured, guaranteed by certain subsidiaries; rank equally with existing senior debt.","Holders can convert upon certain stock price conditions or after Sep 15, 2027; company may settle in cash, stock, or combination."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-301061","json":"https://secwatch.observer/filing/0001193125-22-301061.json","markdown":"https://secwatch.observer/filing/0001193125-22-301061.md","text":"https://secwatch.observer/filing/0001193125-22-301061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1524358/000119312522301061/0001193125-22-301061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1524358/000119312522301061/d433395d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T07:28:57.939360+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50457e5a30fca1bb98b15a0e10dfa64b2dc879e7","claim":"MARRIOTT VACATIONS WORLDWIDE Corp incurred convertible notes of $575 million aggregate principal amount with the Initial Purchasers at 3.25% per year maturing December 15, 2027.","evidence_excerpt":"On December 8, 2022, Marriott Vacations Worldwide Corporation (the “Company,” “we” or “our”) sold to certain initial purchasers (the “Initial Purchasers”), and the Initial Purchasers purchased from the Company, $575 million aggregate principal amount of the Company’s 3.25% Convertible Senior Notes due 2027 (the “Notes”), pursuant to a purchase agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524358/000119312522301061/0001193125-22-301061-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$575 million aggregate principal amount"},{"label":"Counterparty","value":"the Initial Purchasers"},{"label":"Rate","value":"3.25% per year"},{"label":"Maturity","value":"December 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5f570a1aff0f3a81b4a17dd4ab3f7c64e0d71a5d","claim":"MARRIOTT VACATIONS WORLDWIDE Corp entered into Purchase Agreement with certain initial purchasers valued at $575 million (effective 2022-12-08).","evidence_excerpt":"On December 8, 2022, Marriott Vacations Worldwide Corporation (the “Company,” “we” or “our”) sold to certain initial purchasers (the “Initial Purchasers”), and the Initial Purchasers purchased from the Company, $575 million aggregate principal amount of the Company’s 3.25% Convertible Senior Notes due 2027 (the “Notes”), pursuant to a purchase agreement (the “Purchase Agreement”) between the Company and the Initial Purchasers","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524358/000119312522301061/0001193125-22-301061-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"certain initial purchasers"},{"label":"Value","value":"$575 million"},{"label":"Effective","value":"2022-12-08"}],"fact_type":"material_agreement"},{"claim_id":"fadb970abcec77d3c855e7d2de633952ce0f4632","claim":"MARRIOTT VACATIONS WORLDWIDE Corp entered into Indenture with The Bank of New York Mellon Trust Company, N.A. and the guarantors (effective 2022-12-08).","evidence_excerpt":"the Company entered into an Indenture, dated as of December 8, 2022 (the “Indenture”), by and among the Company, as issuer, Marriott Ownership Resorts, Inc. and the other guarantors party thereto from time to time (collectively, the “Guarantors”) and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1524358/000119312522301061/0001193125-22-301061-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A. and the guarantors"},{"label":"Effective","value":"2022-12-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}