Corporate GovernanceMay 18, 2026, 05:26 PM
Marriott Vacations Stockholders Approve Equity Plan, Elect Directors
AI Summary
Marriott Vacations Worldwide Corporation held its 2026 annual meeting of stockholders, where several key proposals were approved. Stockholders voted to approve the Second Amended and Restated 2020 Equity Incentive Plan, which extends the plan's term through May 15, 2036, and increases the shares available for equity-based awards by 2,500,000. Additionally, the nine director nominees were elected, Ernst & Young LLP was ratified as the independent auditors, and the compensation of named executive officers received advisory approval.
Key Highlights
- Stockholders approved the Second Amended and Restated 2020 Equity Incentive Plan.
- The plan increases shares available for equity awards by 2,500,000 shares.
- The term of the equity incentive plan was extended through May 15, 2036.
- Nine director nominees were elected to the Board of Directors.
- Ernst & Young LLP was ratified as the independent auditors for the fiscal year.
- Executive compensation was approved on an advisory (non-binding) basis.
- A total of 29,969,049 shares (approximately 87%) were represented at the meeting.
- The equity plan was approved with 17,438,346 votes For and 7,830,264 votes Against.
Price Impact
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