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

Marriott Vacations Worldwide CFO Jason Marino signs new employment agreement

Neutral Impact 3 of 5 leadership Written later

Marriott Vacations Worldwide said CFO Jason Marino entered into an employment agreement effective July 30, 2026, to continue as Executive Vice President and Chief Financial Officer. The agreement sets a base salary of not less than $650,000, a 2026 target bonus of 110% of base salary, and a CFO Transformation Award tied to stock price and Adjusted EBITDA goals through December 31, 2028.

Key points

  • Base salary of not less than $650,000; 2026 target bonus 110% of base salary, maximum 220%
  • CFO Transformation Award has a target of 37,500 restricted stock units, with up to 75,000 units if maximum goals are met
  • Stock price goals start at $115 (threshold) and reach maximum at $215 or greater; Adjusted EBITDA goals run from $875,000,000 (threshold) to $1,100,000,000 or greater (maximum)
  • Severance on termination without cause is two times base salary plus target bonus, with 24 months of COBRA premiums

The filing

CompanyMarriott Vacations Worldwide (VAC)
Form8-K, current report
Filed with the SECAug 3, 2026, 10:13 AM ET
Accession number0001524358-26-000031

Items reported: 5.02 Director / Officer Change

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 August 03, 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.