A joint statement of changes in beneficial ownership was filed on August 20, 2026, by Impactive Capital LP, Impactive Capital LLC, Christian Asmar, and Lauren Taylor Wolfe, disclosing the sale of 750,000 shares of Marriott Vacations Worldwide Corp common stock on August 19, 2026.

Key Highlights

  • Security sold: 750,000 shares of Marriott Vacations Worldwide Corp Common Stock, par value $0.01 per share, were disposed of on August 19, 2026.
  • Sale price: Shares were sold at $111.49 each, according to the filing.
  • Remaining stake: Following the transaction, 3,380,818 shares are beneficially owned indirectly by the reporting persons.
  • Transaction code: The sale was coded "S" (an open-market or private sale) in the filing.
  • Reporting persons: The filing was made jointly by Impactive Capital LP, Impactive Capital LLC, Christian Asmar, and Lauren Taylor Wolfe, all of 450 West 14th Street, 12th Floor, New York City, New York 10014.
  • Roles held: Each reporting person is identified as both a Director and a 10% Owner in relation to Marriott Vacations Worldwide Corp.

Impactive Capital's Share Reduction in Marriott Vacations Worldwide

The filing covers a single non-derivative transaction in the common stock of Marriott Vacations Worldwide Corp, which trades on the NYSE under the ticker VAC (NYSE:VAC). Marriott Vacations Worldwide is a vacation ownership company whose business centers on selling, financing, and managing timeshare and vacation club products. The 750,000 shares reported as disposed of were held indirectly, with the filing indicating the securities are held directly by certain funds and/or accounts described as the "Impactive Funds."

According to the filing, Impactive Capital LP serves as the investment manager of the Impactive Funds and holds all voting and investment power over the securities held by those funds, pursuant to an Investment Management Agreement. Impactive Capital LLC acts as the general partner of Impactive Capital LP, and Christian Asmar and Lauren Taylor Wolfe each serve as Managing Members of Impactive Capital LLC. The filing states that each reporting person "disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein."

The filing further notes that Christian Asmar, in his capacity as Managing Member of Impactive Capital LLC, serves as a director of Marriott Vacations Worldwide Corp. The remarks section states that "for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed directors by deputization by virtue of their representation on the Board of Directors of the Issuer." After the reported sale, the indirect beneficial ownership position stood at 3,380,818 shares, per the filing. No derivative securities transactions were reported.

What Was Disclosed

The filing disclosed a sale of 750,000 shares of Marriott Vacations Worldwide Corp common stock at $111.49 per share on August 19, 2026, by entities and individuals affiliated with Impactive Capital, leaving an indirect beneficial ownership of 3,380,818 shares following the transaction.