---
schema_version: "secwatch.filing_event.v1"
accession: "0001524358-22-000009"
form_type: "8-K"
ticker: "VAC"
cik: "0001524358"
company_name: "MARRIOTT VACATIONS WORLDWIDE Corp"
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:27:09.790258+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marriott Vacations Q4 contract sales $406M, above 2019; Adj. EBITDA $219M; 2022 outlook strong

## Summary
- Q4 contract sales $406M, +7% sequentially, exceeding 2019 levels. Net income $61M ($1.39 EPS); adj. EPS $2.38.
- Full year 2021: contract sales ~$1.4B; adj. EBITDA $657M; net income $49M ($1.13 EPS); adj. net income $190M.
- 2022 outlook: contract sales $1.675-1.775B, adj. EBITDA $860-920M (+35% at midpoint vs 2021).
- Repurchased 463k shares for $74M in Q4; paid $0.55/share dividend (~$23M), first since pandemic.
- Ended 2021 with ~$1.1B liquidity ($342M cash, $598M revolver capacity); completed $425M securitization at 1.64%.

## SEC filing metadata
- accession: 0001524358-22-000009
- form_type: 8-K
- ticker: VAC
- cik: 0001524358
- company_name: MARRIOTT VACATIONS WORLDWIDE Corp
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524358/000152435822000009/0001524358-22-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524358/000152435822000009/vac-20220223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001524358-22-000009
- JSON: https://secwatch.observer/filing/0001524358-22-000009.json
- Plain text: https://secwatch.observer/filing/0001524358-22-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.