Marriott Vacations CEO Stephen Weisz to retire Dec 31; John Geller to succeed as CEO and director Jan 1

MARRIOTT VACATIONS WORLDWIDE Corp

Stephen Weisz resigns as CEO and director, effective December 31, 2022; board accepted Dec 2.
John Geller appointed President, CEO, and Class I director effective January 1, 2023.
Geller's base salary set at $950,000; target bonus 150% (max 300%) of salary.
Equity awards with grant date fair value of $4,000,000 to be granted in February 2023.

item 5.02 item 9.01

Executive movements

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Departed

Stephen P. Weisz

Chief Executive Officer

VAC · MARRIOTT VACATIONS WORLDWIDE Corp

Effective: 2022-12-31
Successor: John E. Geller, Jr.
Filed: December 5, 2022, 6:59 PM ET

Marriott Vacations Worldwide Corporation (the “Company”) previously announced that Mr. Stephen P. Weisz will be retiring as the Company’s Chief Executive Officer effective December 31, 2022.

Appointed

John E. Geller, Jr.

President and Chief Executive Officer

VAC · MARRIOTT VACATIONS WORLDWIDE Corp

Effective: 2023-01-01
Filed: December 5, 2022, 6:59 PM ET

Mr. Geller (55) has been elected to serve as the President and Chief Executive Officer of the Company effective January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen P. Weisz resigned as Chief Executive Officer at MARRIOTT VACATIONS WORLDWIDE Corp.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Marriott Vacations Worldwide Corporation (the “Company”) previously announced that Mr. Stephen P. Weisz will be retiring as the Company’s Chief Executive Officer effective December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John E. Geller, Jr. was appointed as President and Chief Executive Officer at MARRIOTT VACATIONS WORLDWIDE Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Geller (55) has been elected to serve as the President and Chief Executive Officer of the Company effective January 1, 2023.

View on SEC.gov

MARRIOTT VACATIONS WORLDWIDE Corp filing history →

Source: SEC EDGAR

accession 0001524358-22-000041

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