MARRIOTT VACATIONS WORLDWIDE Corp — Form 10-Q
Filed August 6, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Marriott Vacations Worldwide amended and restated its Change in Control Severance Plan effective May 14, 2026. The plan covers executives designated on Exhibit A (members of Executive Leadership Team and Senior Vice President, Chief Accounting Officer and Corporate Controller). Key benefits upon qualifying termination within 2 years of a change in control: cash severance of 2x (or 3x for CEO/President) base salary plus target bonus; plus benefits continuation payment equal to 24 months (36 for CEO) of insurance premiums. The plan requires executives to execute a release and specifies 280G excise tax gross-up procedures, Section 409A compliance, and clawback provisions.
Why this rating
Administrative update to standard severance plan. No new counterparties, contingent obligations only, routine governance document. Material only if change-of-control occurs; immaterial relative to $2.2B market cap unless acquisition happens.
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