# EDGAR Filing Document

**Accession Number:** 0001524358
**File Stem:** 0000921895-25-001805
**Filing Date:** 2025-6
**Character Count:** 15040
**Document Hash:** c193a140fca9b76aa5f5c1c53dc12cbf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-001805.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0000921895-25-001805

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MARRIOTT VACATIONS WORLDWIDE Corp
- **CENTRAL INDEX KEY:** 0001524358
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 452598330
- **STATE OF INCORPORATION:** X1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-86496
- **FILM NUMBER:** 251061226

**BUSINESS ADDRESS:**
- **STREET 1:** 7812 PALM PARKWAY
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32836
- **BUSINESS PHONE:** 407-206-6000

**MAIL ADDRESS:**
- **STREET 1:** 7812 PALM PARKWAY
- **CITY:** ORLANDO
- **STATE:** FL
- **ZIP:** 32836

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Marriott Vacations Worldwide Corp
- **DATE OF NAME CHANGE:** 20110627
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Impactive Capital LP
- **CENTRAL INDEX KEY:** 0001786767

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 450 WEST 14 STREET
- **STREET 2:** 12TH FLOOR
- **CITY:** NEW YORK CITY
- **STATE:** NY
- **ZIP:** 10014
- **BUSINESS PHONE:** (212) 218-8810

**MAIL ADDRESS:**
- **STREET 1:** 450 WEST 14 STREET
- **STREET 2:** 12TH FLOOR
- **CITY:** NEW YORK CITY
- **STATE:** NY
- **ZIP:** 10014

## Ex-1

Exhibit 1

**<u>Transactions in the Shares of the Issuer Since the filing of</u>**

**<u>Amendment No. 2 to the Schedule 13D</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of Transaction</u> | &nbsp;&nbsp;Amount of Shares<br> <u>Purchased</u> | &nbsp;&nbsp;Price per<u><br> Share ($)</u> | &nbsp;&nbsp;Date of<u><br> Purchase</u> |

---

**<u>IMPACTIVE CAPITAL LP<br> (through the Impactive Funds)</u>**

Purchase of Common Stock 412,449 67.6050 06/17/2025 <br> Purchase of Common Stock 337,551 68.1082 06/18/2025

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**MARRIOTT VACATIONS WORLDWIDE Corp**

*(Name of Issuer)*

**Common stock, par value $0.01 per share**

*(Title of Class of Securities)*

**57164Y107**

*(CUSIP Number)*

**CHRISTIAN ASMAR**<br>IMPACTIVE CAPITAL LP<br>450 West 14th Street, 12th Floor<br>New York NY 10014<br>212-218-8810

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/17/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **57164Y107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Impactive Capital LP** | Name of reporting person<br>**Impactive Capital LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4045984.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4045984.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.7%** | Percent of class represented by amount in Row (11)<br>**11.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **57164Y107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Impactive Capital LLC** | Name of reporting person<br>**Impactive Capital LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4045984.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4045984.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.7%** | Percent of class represented by amount in Row (11)<br>**11.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **57164Y107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Wolfe Lauren Taylor** | Name of reporting person<br>**Wolfe Lauren Taylor** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4045984.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4045984.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.7%** | Percent of class represented by amount in Row (11)<br>**11.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **57164Y107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Asmar Christian** | Name of reporting person<br>**Asmar Christian** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4045984.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4045984.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | Aggregate amount beneficially owned by each reporting person<br>**4045984.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**11.7%** | Percent of class represented by amount in Row (11)<br>**11.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common stock, par value $0.01 per share

**(b) Name of Issuer:**
MARRIOTT VACATIONS WORLDWIDE Corp

**(c) Address of Issuer's Principal Executive Offices:**
7812 PALM PARKWAY, ORLANDO, FL, 32836

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) is hereby amended and restated as follows:

The aggregate percentage of Shares reported owned by each person named herein is based upon 34,535,278 Shares outstanding as of May 5, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025.

A. Impactive Capital
As of the date hereof, Impactive Capital beneficially owned 4,045,984 Shares held by the Impactive Funds.

Percentage: Approximately 11.7%

B. Impactive Capital GP
As the general partner of Impactive Capital, Impactive Capital GP may be deemed to beneficially own the 4,045,984 Shares held by the Impactive Funds.

Percentage: Approximately 11.7%

C. Ms. Taylor Wolfe and Mr. Asmar
Each of Ms. Taylor Wolfe and Mr. Asmar, as Managing Members of Impactive Capital GP, may be deemed to beneficially own the 4,045,984 Shares held by the Impactive Funds.

Percentage: Approximately 11.7%

**(b)**
Item 5(b) is hereby amended and restated as follows:

A. Impactive Capital
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 4,045,984
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 4,045,984

B. Impactive Capital GP
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 4,045,984
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 4,045,984

C. Ms. Taylor Wolfe and Mr. Asmar
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 4,045,984
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 4,045,984

**(c)**
Item 5(c) is hereby amended and restated as follows:

A. Impactive Capital
The transactions in the Shares by Impactive Capital through the Impactive Funds since the filing of Amendment No. 2 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference.

B. Impactive Capital GP
Impactive Capital GP has not entered into any transactions in the Shares since the filing of Amendment No. 2 to the Schedule 13D. The transactions in the Shares by Impactive Capital through the Impactive Funds since the filing of Amendment No. 2 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference.

C. Ms. Taylor Wolfe and Mr. Asmar
Each of Ms. Taylor Wolfe and Mr. Asmar have not entered into any transactions in the Shares since the filing of Amendment No. 2 to the Schedule 13D. The transactions in the Shares by Impactive Capital through the Impactive Funds since the filing of Amendment No. 2 to the Schedule 13D are set forth in Exhibit 1 and are incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Impactive Capital LP

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Managing Member of Impactive Capital LLC, its General Partner

**Date:** 06/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Impactive Capital LLC

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Managing Member

**Date:** 06/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Wolfe Lauren Taylor

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe

**Date:** 06/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Asmar Christian

**Signature:** /s/ Christian Asmar

**Name/Title:** Christian Asmar

**Date:** 06/20/2025