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AI brief of an SEC Form 8-K · Marriott Vacations Worldwide (VAC)

Marriott Vacations names Matthew Avril CEO and Michael Flaskey president and COO

Neutral Impact 4 of 5 leadership Written later

Marriott Vacations Worldwide's board appointed Matthew Avril, its interim CEO since November 9, 2025, as chief executive, effective immediately, and named Michael Flaskey president and chief operating officer. A new pay plan ties two-thirds of the executives' long-term equity awards to $950 million in Adjusted EBITDA and a $145 stock price over three years. The company will report fourth quarter 2025 results on February 25, 2026.

Key points

  • Avril, age 65, has been a board member since March 2025 and receives a base salary of not less than $1,100,000 under his CEO employment agreement.
  • Flaskey, age 58, previously served as CEO of Hornblower Group from August 2024 to January 2026 and receives a base salary of not less than $1,000,000.
  • The CEO Transformation Award has a target of 150,000 restricted stock units, with up to 300,000 units, earned on stock price and Adjusted EBITDA goals.
  • Fourth quarter 2025 earnings are due after market close on February 25, 2026, with a conference call on February 26, 2026, at 8:00 a.m. ET.

The filing

CompanyMarriott Vacations Worldwide (VAC)
Form8-K, current report
Filed with the SECFeb 17, 2026, 9:01 AM ET
Accession number0001524358-26-000004

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.