22 unchanged sentences
On December 19, 2024, we announced that our Board of Directors extended the term of our share repurchase program to December 31, 2025.
+Added: On December 12, 2025, we announced that our Board of Directors extended the term of our share repurchase program to December 31, 2026.
(2) All dollar amounts presented exclude the nondeductible 1% excise tax on the net value of certain stock repurchases that was imposed by the Inflation Reduction Act of 2022.
Performance Graph
−Removed: The above graph compares the relative performance of our common stock, the S&P MidCap 400 Index (which has included our common stock since our acquisition of ILG), and the S&P Composite 1500 Hotels, Resorts & Cruise Lines Index.
+Added: The above graph compares the relative performance of our common stock, the S&P SmallCap 600 Index, the S&P MidCap 400 Index, and the S&P Composite 1500 Hotels, Resorts & Cruise Lines Index.
+Added: In December 2025, MVW was added to the S&P SmallCap 600 Index as it is more representative of the Company’s current market capitalization range than the Company’s prior index, the S&P MidCap 400 Index.
The graph assumes that $100 was invested in our common stock and each index on December 31, 2020.
2 unchanged sentences
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.