leadership
confidence high
sentiment neutral
materiality 0.50
Marriott Vacations Worldwide enters new CFO employment agreement with Jason Marino
MARRIOTT VACATIONS WORLDWIDE Corp
- Base salary of at least $650,000; target annual bonus 110% of base, max 220%.
- Transformation Award of up to 75,000 RSUs tied to stock price and Adjusted EBITDA goals through 2028.
- Severance includes 2x base salary plus target bonus upon termination without cause or for good reason.
- CFO remains at-will employee; restrictive covenants for 2 years post-employment.