Short answer
MARRIOTT VACATIONS WORLDWIDE Corp (VAC) filed an 8-K current report with the SEC on August 3, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CFO Marino continues under a new employment agreement, with minimum annual salary of $650,000.
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
- CFO Marino continues under a new employment agreement, with minimum annual salary of $650,000
- 2026 target bonus equals 110% of salary, with maximum payout of 220%
- Transformation Award targets 37,500 restricted stock units, with maximum issuance of 75,000
- Award performance period runs January 1, 2026 through December 31, 2028, tied equally to stock price and Adjusted EBITDA
- Termination protection includes severance equal to two times salary plus target bonus, with enhanced change-in-control benefits
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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