{"url_path":"/sec/vac/8-k/2026-05-18/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1524358/0001524358-26-000024-index.html","accession_number":"0001524358-26-000024","cik":"0001524358","ticker":"VAC","issuer_name":"MARRIOTT VACATIONS WORLDWIDE Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1524358/0001524358-26-000024-index.html","primary_entity_key":"0001524358","primary_entity_name":"MARRIOTT VACATIONS WORLDWIDE Corp"},"word_count":269,"has_tables":true,"body_markdown":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers\n\nAs described in Item 5.07 of this Current Report on Form 8-K, on May 15, 2026, Marriott Vacations Worldwide Corporation (the “Company”) held its 2026 annual meeting of stockholders (the “2026 Annual Meeting”), at which the Company’s stockholders approved the Second Amended and Restated Marriott Vacations Worldwide Corporation 2020 Equity Incentive Plan (the “Second Amended Plan”), which was previously approved by the Company’s Board of Directors subject to stockholder approval. The Second Amended Plan extends the term of the Second Amended Plan through May 15, 2036, increases the number of shares of common stock, par value $0.01 per share, available for grants of equity-based awards under the Second Amended Plan by 2,500,000 shares, modifies the treatment of awards for purposes of the “golden parachute” tax provisions of Sections 280G and 4999 of the Internal Revenue Code, and makes certain other administrative and clarifying changes.\n\nA summary of the Second Amended Plan was included in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 26, 2026 (the “Definitive Proxy Statement”) in connection with the 2026 Annual Meeting, under the section entitled “Item 4 - Approval of the Second Amended and Restated Marriott Vacations Worldwide Corporation 2020 Equity Incentive Plan” of the Definitive Proxy Statement. The summary of the Second Amended Plan in the Definitive Proxy Statement is qualified in its entirety by reference to the full text of the Second Amended Plan, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference."}