Short answer
MARRIOTT VACATIONS WORLDWIDE Corp (VAC) filed an 8-K current report with the SEC on July 21, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Executive Vice President and Chief Brand and Digital Officer role eliminated effective July 31, 2026.
MARRIOTT VACATIONS WORLDWIDE Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Executive Vice President and Chief Brand and Digital Officer role eliminated effective July 31, 2026
- Lori Gustafson separating through internal reorganization, not reported as performance-related
- $1,425,000 severance payment, equal to 1.5x 2026 base salary plus target bonus
- Additional payment tied to Marriott Vacations’ actual 2026 performance
- Equity awards continue under existing terms, subject to release and restrictive covenants
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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