On December 1, 2023, Jeanette E. Marbert, President, Exchange and Third-Party Management of Marriott Vacations Worldwide Corporation, notified the Company of her intention to retire in 2024. Ms. Marbert did not specify a specific retirement date. Ms. Marbert plans to stay on in her current role to allow for a smooth transition.

Ms. Marbert?s retirement is not the result of a disagreement between Ms. Marbert and the Company on any matter relating to the Company?s operations, policies or practices. Ms. Marbert is not entitled to, and is not seeking, any severance benefits in connection with her retirement. She is eligible to be considered an approved retiree under the Company?s 2020 Equity Incentive Plan and receive certain other benefits in connection with her retirement that are generally available to other similarly situated executives.