secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001524358-26-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations appoints Matthew Avril as CEO, Michael Flaskey as President and COO
--------------------------------------------------------------------------------

- Matthew Avril, interim CEO since Nov 2025, appointed CEO effective immediately; he joined the board in March 2025.
- Michael Flaskey named President and COO; he has 25+ years in vacation ownership, previously CEO of Diamond Resorts.
- New compensation plan ties 50% of transformation awards to achieving $950M Adjusted EBITDA and $145 stock price by 2028.
- Company to report Q4 2025 earnings on Feb 25, 2026, with a conference call on Feb 26, 2026 at 8:00 a.m. ET.
- Avril's base salary set at $1.1M with target bonus 150%; Flaskey's base $1.0M with target bonus 125-150%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000004/0001524358-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000004/vac-20260216.htm
  HTML page:      https://secwatch.observer/filing/0001524358-26-000004

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