Leadership & Pay ·
Marriott Vacations Worldwide Corp announced that Mr. Marino entered into an employment agreement effective July 30…
VACMARRIOTT VACATIONS WORLDWIDE Corp
Marriott Vacations Worldwide Corp announced that Mr. Marino entered into an employment agreement effective July 30, 2026 to continue serving as Executive Vice President and Chief Financial Officer. The agreement establishes a minimum annual base salary of $650,000 and a target bonus of 110% of base salary, with a maximum potential payout of 220%. Mr. Marino will receive long-term incentive equity awards under the company's standard plan plus a specific CFO Transformation Award consisting of up to 75,000 restricted stock units. This award vests based on performance metrics tied to average stock price and Adjusted EBITDA targets over the period ending December 31, 2028. The filing details severance provisions for termination without cause or in connection with a change in control, including multipliers of base salary and bonus. Marriott Vacations Worldwide Corp operates in the vacation ownership and hospitality industry.