2 unchanged sentences
Period Total Number of Shares Purchased Average
−Removed: Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Price Paid per Share (2)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Plans or Programs (1)(2)
−Removed: July 1, 2022 – July 31, 2022 1,061,922 $ 123.71 1,061,922 $ 528,092,718
−Removed: August 1, 2022 – August 31, 2022 238,465 $ 146.67 238,465 $ 493,116,920
−Removed: September 1, 2022 – September 30, 2022 365,003 $ 135.01 365,003 $ 443,838,902
+Added: January 1, 2023 – January 31, 2023 250,022 $ 148.29 250,022 $ 233,412,263
+Added: February 1, 2023 – February 28, 2023 201,500 $ 157.93 201,500 $ 201,588,443
+Added: March 1, 2023 – March 31, 2023 70,900 $ 152.16 70,900 $ 190,800,131
Total 522,422 $ 152.54 522,422 $ 190,800,131
−Removed: _________________________
−Removed: (1) On September 13, 2021, we announced that our Board of Directors authorized a share repurchase program under which we may purchase shares of our common stock for an aggregate purchase price not to exceed $250 million, prior to December 31, 2022.
−Removed: On February 22, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $300 million of our common stock, as well as the extension of the term of our existing share repurchase program to March 31, 2023.
−Removed: On August 1, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $500 million of our common stock, as well as the extension of the term of our existing share repurchase program to June 30, 2023.
+Added: (1) On September 13, 2021, our Board of Directors authorized a share repurchase program under which we were authorized to purchase shares of our common stock for an aggregate purchase price not to exceed $250 million, prior to December 31, 2022.
+Added: On February 22, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $300 million of our common stock, and extended the term of our existing share repurchase program to March 31, 2023.
+Added: On August 1, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $500 million of our common stock and extended the term of our existing share repurchase program to June 30, 2023.
+Added: (2) The Inflation Reduction Act of 2022 imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
+Added: All dollar amounts presented exclude such excise tax, as applicable.
All documents referenced below are being filed as a part of this Quarterly Report on Form 10-Q, unless otherwise noted.
12 unchanged sentences
10 4.1 10/14/2011
−Removed: Indenture between Marriott Vacations Worldwide Corporation and The Bank of New York Mellon Trust Company, N.A., as trustee, dated September 25, 2017
−Removed: 10-Q 4.1 11/2/2017
−Removed: Form of 1.50% Convertible Senior Note due 2022 (included as Exhibit A to Exhibit 4.2 above)
−Removed: 10-Q 4.1 11/2/2017
−Removed: Joinder Agreement to Registration Rights Agreement, dated as of September 1, 2018, by and among ILG, LLC, the guarantors party thereto and Merrill Lynch, Pierce, Fenner & Smith Incorporated as the representative of the initial purchasers 8-K 4.8 9/5/2018
Indenture, dated as of October 1, 2019, by and among Marriott Ownership Resorts, Inc., Marriott Vacations Worldwide Corporation, as guarantor, the other guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as trustee 8-K 4.1 10/1/2019
−Removed: Exhibit Number Description Filed
−Removed: Herewith Incorporation By Reference From
−Removed: Form Exhibit Date Filed
Supplemental Indenture, dated December 31, 2019, by and among Marriott Ownership Resorts, Inc., MVW Vacations, LLC and the Bank of New York Mellon Trust Company, N.A., as trustee 10-K 4.12 3/2/2020
10 unchanged sentences
Form of 4.500% Senior Notes due 2029 (included as Exhibit A to Exhibit 4.11 above) 8-K 4.2 6/22/2021
−Removed: Description of Registered Securities 10-K 4.16 3/2/2020
−Removed: Marketing Track Amendment, dated as of May 19, 2022, to the Marriott License, Services and Development Agreement for Marriott Projects dated November 19, 2011, by and among Marriott International, Inc., Marriott Worldwide Corporation, and Marriott Vacations Worldwide Corporation.
−Removed: 10-Q 10.3 8/9/2022
−Removed: Marriott Vacations Worldwide Corporation Deferred Compensation Plan Revised July 29, 2022** 10-Q 10.4 8/9/2022
−Removed: List of the Issuer and its Guarantor Subsidiaries 10-K 22.1 03/1/2022
−Removed: Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 X
−Removed: Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 X
−Removed: Certification of Chief Executive Officer pursuant to Rule 13a-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002 Furnished
−Removed: Certification of Chief Financial Officer pursuant to Rule 13a-14(b) and Section 906 of the Sarbanes-Oxley Act of 2002 Furnished
Exhibit Number Description Filed
1 unchanged sentence
Form Exhibit Date Filed
−Removed: 101 The following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, formatted in Inline XBRL:
+Added: Indenture, dated as of December 8, 2022, by and among Marriott Vacations Worldwide Corporation, as issuer, Marriott Ownership Resorts, Inc.
+Added: and the other guarantors party thereto from time to time and The New York Bank of Mellon Trust Company, N.A., as trustee 8-K 4.1 12/8/2022
+Added: Form of 3.25% Convertible Senior Notes due 2027 (included as Exhibit A to Exhibit 4.13 above) 8-K 4.2 12/8/2022
+Added: Description of Registered Securities 10-K 4.16 3/2/2020
+Added: Marriott Vacations Worldwide Corporation Change in Control Severance Plan** X
+Added: List of the Issuer and its Guarantor Subsidiaries 10-K 22.1 02/27/2023
+Added: Certification by Chief Executive Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 X
+Added: Certification by Chief Financial Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 X
+Added: Certification by Chief Executive Officer Pursuant to 18 U.S.C.
+Added: Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Furnished
+Added: Certification by Chief Financial Officer Pursuant to 18 U.S.C.
+Added: Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Furnished
+Added: 101 The following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in Inline XBRL:
(i) Interim Consolidated Statements of Income, (ii) Interim Consolidated Statements of Comprehensive Income, (iii) Interim Consolidated Balance Sheets, (iv) Interim Consolidated Statements of Cash Flows, (v) Interim Consolidated Statements of Shareholders’ Equity, and (vi) Notes to Interim Consolidated Financial Statements
−Removed: 104 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, formatted in Inline XBRL and contained in Exhibit 101
+Added: 104 The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in Inline XBRL and contained in Exhibit 101
Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K.
3 unchanged sentences
MARRIOTT VACATIONS WORLDWIDE CORPORATION
−Removed: November 4, 2022 /s/ Stephen P.
−Removed: Chief Executive Officer
+Added: May 4, 2023 /s/ John E.
+Added: President and Chief Executive Officer
/s/ Anthony E.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.