Marriott Vacations Worldwide Corporation reported second quarter 2026 financial results on August 6, 2026. Contract sales increased 22% year over year to $545 million, driven by a 23% increase in volume per guest. Net income attributable to common stockholders rose to $77 million, or $2.12 diluted earnings per share, compared to $69 million and $1.77 in the prior year period. Adjusted EBITDA grew 6% to $215 million. The company raised its full-year 2026 guidance for contract sales to a range of $2,080 to $2,115 million, adjusted EBITDA to $805 to $830 million, and adjusted free cash flow to $410 to $460 million. The company operates in the vacation ownership and hospitality industry.

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.

Marriott Vacations Worldwide Corp is eliminating the position of Executive Vice President and Chief Brand and Digital Officer, resulting in the ability for Lori Gustafson to separate from the company. Effective July 31, 2026, Ms. Gustafson will receive a severance payment of $1,425,000, representing one and one-half times her 2026 base salary plus 2026 target bonus, with additional performance-based payments. Marriott Vacations Worldwide Corp operates in the vacation ownership and hospitality industry.