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 Gustafson | RoleExecutive Vice President and Chief Brand and Digital Officer | Type of ChangeSeparation (position eliminated) | Effective DateJuly 31, 2026 | ReasonInternal reorganization; position eliminated | Replacement InfoNot disclosed | Background DetailsNot disclosed in Item 5.02 | Board/Committee Role ChangesNot disclosed | Severance / 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:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.