MARRIOTT VACATIONS WORLDWIDE Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities Period Total Number of Shares Purchased Average Price Paid per Share (2) 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) April 1, 2023 – April 30, 2023 240,500 $ 134.82 240,500 $ 158,376,393 May 1, 2023 – May 31, 2023 268,633 $ 127.21 268,633 $ 575,193,483 June 1, 2023 – June 30, 2023 112,000 $ 129.58 112,000 $ 560,680,772 Total 621,133 $ 130.58 621,133 $ 560,680,772 (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. 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 share repurchase program to 66 Table of Contents March 31, 2023. 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 share repurchase program to June 30, 2023. On May 11, 2023, we announced that our Board of Directors increased the remaining authorization to $600 million of our common stock and extended the term of our share repurchase program to December 31, 2024. (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. See Footnote 13 “Shareholders' Equity” to our Financial Statements for further information. All dollar amounts presented exclude such excise tax, as applicable.