MARRIOTT VACATIONS WORLDWIDE Corp — Form 8-K
Filed August 3, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Marriott Vacations Worldwide executed an employment agreement with Jason P. Marino as Executive Vice President and CFO, effective July 30, 2026. Compensation includes: base salary of $650,000 minimum, annual bonus target of 110% of base salary (max 220%), and a Transformation Award of up to 75,000 RSUs vesting through 2029 based on Adjusted EBITDA and stock price goals. Severance for non-cause termination outside change in control: 2x(base + target bonus) plus prorated bonus and 24 months COBRA; change-in-control severance: same 2x multiplier plus 24 months insurance premiums.
Why this rating
Routine executive employment contract. Compensation structure (~$1M+ annually) is immaterial relative to $2.2B market cap. Standard for public company CFO. No material business change.
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