secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2026-07-21T12:00:10+00:00
Accession:  0001524358-26-000029
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000029/0001524358-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000029/vac-20260721.htm
  HTML page:      https://secwatch.observer/filing/0001524358-26-000029

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