VAC MARRIOTT VACATIONS WORLDWIDE Corp

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $36M, Q3 2025: $9M, Q2 2025: $12M, Q1 2025: $24M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $36M vs trailing avg $15M (+140%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-125M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 34,124,033 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

17 open-market purchases by 11 insiders

• Flaskey Michael (See Remarks) bought 2,814 shares at $66.64 on 2026-03-10
• Flaskey Michael (See Remarks) bought 11,848 shares at $67.39 on 2026-03-10
• Flaskey Michael (See Remarks) bought 200 shares at $68.37 on 2026-03-10
• Fitzgerald John D. (See Remarks) bought 52 shares at $61.15 on 2026-01-07
• Fitzgerald John D. (See Remarks) bought 13 shares at $61.15 on 2026-01-07
• Fitzgerald John D. (See Remarks) bought 44 shares at $61.06 on 2026-01-06
• Gray Jonice M () bought 1,100 shares at $54.47 on 2025-11-25
• Morgan Dianna () bought 500 shares at $51.22 on 2025-11-21
• MCCARTEN WILLIAM W () bought 5,000 shares at $48.08 on 2025-11-20
• Asmar Christian () bought 84,000 shares at $47.44 on 2025-11-19

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Company buybacks in 4 quarters and 17 insider purchases by 11 insiders (no calendar overlap, but both independently active)

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $1M, sold $0M in the last 90 days (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected