secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2026-08-03T14:13:28+00:00
Accession:  0001524358-26-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations Worldwide enters new CFO employment agreement with Jason Marino
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000031/0001524358-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000031/vac-20260730.htm
  HTML page:      https://secwatch.observer/filing/0001524358-26-000031

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