Marriott Vacations eliminates Chief Brand & Digital Officer role; Lori Gustafson to depart July 31, 2026

MARRIOTT VACATIONS WORLDWIDE Corp

Position of EVP and Chief Brand & Digital Officer eliminated; Lori Gustafson separates effective July 31, 2026.
Severance payment of $1,425,000 (1.5x 2026 base salary plus target bonus) plus potential 2026 performance-based bonus true-up.
Vested SARs (9,590 shares) get extended exercise period up to 5 years; unvested SARs forfeited.
RSUs, performance shares, and SARs treated per existing award terms; benefits contingent on release and restrictive covenants.

item 5.02 item 9.01

Executive movements

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Departed

Lori Gustafson

Executive Vice President and Chief Brand and Digital Officer

VAC · MARRIOTT VACATIONS WORLDWIDE Corp

Effective: 2026-07-31
Filed: July 21, 2026, 8:00 AM ET

In connection with an internal reorganization, effective July 31, 2026, the position of Executive Vice President and Chief Brand and Digital Officer is being eliminated, and accordingly, Lori Gustafson will separate from the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Lori Gustafson departed as Executive Vice President and Chief Brand and Digital Officer at MARRIOTT VACATIONS WORLDWIDE Corp.

Action: separated
Role: Executive Vice President and Chief Brand and Digital Officer

Exact text from the filing

In connection with an internal reorganization, effective July 31, 2026, the position of Executive Vice President and Chief Brand and Digital Officer is being eliminated, and accordingly, Lori Gustafson will separate from the Company.

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Source: SEC EDGAR

accession 0001524358-26-000029

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