secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001524358-22-000041
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000041/0001524358-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000041/vac-20221205.htm
  HTML page:      https://secwatch.observer/filing/0001524358-22-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer