Marriott Vacations Worldwide said Lori Gustafson will separate from the company as the Executive Vice President and Chief Brand and Digital Officer role is eliminated effective July 31, 2026.

IndividualLori GustafsonRoleExecutive Vice President and Chief Brand and Digital OfficerType of ChangeSeparation (position eliminated)Effective DateJuly 31, 2026ReasonInternal reorganization; position eliminatedReplacement InfoNot disclosedBackground DetailsNot disclosed in Item 5.02Board/Committee Role ChangesNot disclosedSeverance / Other TermsSeparation Agreement provides $1,425,000 (1.5x 2026 base salary plus 2026 target bonus); additional payment possible based on 2026 performance; outstanding equity to be treated generally consistent with existing terms; benefits contingent on general release and restrictive covenants

Original SEC Filing:

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