MARRIOTT VACATIONS WORLDWIDE Corp: management transactions · United States · SEC (Form 4)

About MARRIOTT VACATIONS WORLDWIDE Corp

Marriott Vacations Worldwide Corp. (NYSE: VAC) is a U.S.-listed company on the NYSE, headquartered in Orlando, Florida, and focused on vacation ownership, exchange, and related hospitality services. The business traces its roots to 1984 within Marriott’s vacation ownership platform and later became an independent public company, with a meaningful expansion profile following the 2018 acquisition of ILG. For international equity investors, VAC is best viewed as a branded leisure and recurring-services platform rather than a conventional hotel operator. The company reports through two operating segments: Vacation Ownership and Exchange & Third-Party Management. Vacation Ownership is the core engine and covers the development, marketing, sales, and management of timeshare and points-based vacation products. Its brand portfolio includes Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, The Ritz-Carlton Club, St. Regis, Grand Residences by Marriott, and Hyatt Vacation Club. The Exchange & Third-Party Management segment includes Interval International, which operates membership-based exchange programs and provides services to developers and homeowners’ associations. VAC’s competitive positioning is anchored in globally recognized hotel brands and long-standing licensing relationships, particularly with Marriott International and an affiliate of Hyatt Hotels. That brand equity supports premium pricing, customer trust, and cross-sell potential. The company says its vacation ownership portfolio includes more than 90 properties across the United States, the Caribbean, Mexico, Central America, Europe, Asia, and Australia. Its offering is centered on villa-style accommodations, flexible points-based usage, and access to an exchange network and curated travel experiences. Recent developments underscore a focus on balance-sheet execution and operating discipline. In February 2026, Marriott Vacations Worldwide reported full-year 2025 results and provided 2026 guidance, while highlighting restructuring costs, modernization spending, and non-cash impairment charges. In April 2026, the company completed a $460 million securitization of vacation ownership loans, demonstrating continued access to asset-backed funding. In May 2026, first-quarter 2026 results pointed to lower contract sales and EBITDA versus the prior year, alongside management’s emphasis on cost control, inventory reduction, and cash-flow improvement. Overall, VAC remains a branded leisure company with meaningful recurring revenue streams, but also cyclical exposure to consumer travel demand and financing conditions in the U.S. vacation ownership market.