Impactive Capital LP Files SC 13D for Marriott Vacations
Ticker: VAC · Form: SC 13D · Filed: Apr 19, 2024 · CIK: 1524358
Sentiment: neutral
Topics: 13D-filing, activist-investor, ownership-change
Related Tickers: VAC
TL;DR
**Impactive Capital LP just filed a 13D on Marriott Vacations Worldwide. Big investor move.**
AI Summary
Impactive Capital LP, led by Lauren Taylor Wolfe and Christian Asmar, has filed a Schedule 13D on April 19, 2024, regarding their holdings in Marriott Vacations Worldwide Corporation. The filing indicates a change in beneficial ownership, though specific share counts and dollar amounts are not detailed in this excerpt.
Why It Matters
This filing signals a significant investor's increased or changed stake in Marriott Vacations Worldwide, potentially influencing the company's stock performance and strategic decisions.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or activist campaigns, introducing uncertainty.
Key Players & Entities
- Impactive Capital LP (company) — Filing entity
- Marriott Vacations Worldwide Corporation (company) — Subject company
- Lauren Taylor Wolfe (person) — Key individual at Impactive Capital LP
- Christian Asmar (person) — Key individual at Impactive Capital LP
FAQ
What is the exact number of shares of Marriott Vacations Worldwide Corporation beneficially owned by Impactive Capital LP?
The provided excerpt does not specify the exact number of shares or the percentage of ownership held by Impactive Capital LP.
When did Impactive Capital LP acquire or increase its stake in Marriott Vacations Worldwide Corporation?
The filing date is April 19, 2024, and the 'DATE AS OF CHANGE' is also April 19, 2024, indicating the change in beneficial ownership occurred on or around this date.
What is the primary business of Marriott Vacations Worldwide Corporation?
Marriott Vacations Worldwide Corporation is in the 'Real Estate Agents & Managers (For Others)' industry, SIC code 6531.
Who are the key individuals associated with Impactive Capital LP mentioned in the filing?
Lauren Taylor Wolfe and Christian Asmar are listed as individuals associated with Impactive Capital LP.
What is the business address of Impactive Capital LP?
The business address for Impactive Capital LP is 450 West 14th Street, 12th Floor, New York, New York 10014.
Filing Stats: 2,643 words · 11 min read · ~9 pages · Grade level 12.6 · Accepted 2024-04-19 17:58:24
Key Financial Figures
- $0.01 — relates to the common stock, par value $0.01 per share (the " Shares "), of Marriott
- $261,558,850 — urchases. An aggregate of approximately $261,558,850, including brokerage commissions, was u
Filing Documents
- p24-1511sc13d.htm (SC 13D) — 108KB
- 0000902664-24-002998.txt ( ) — 110KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: April 19, 2024 Impactive Capital LP By: Impactive Capital LLC its general partner By: /s/ Lauren Taylor Wolfe Name: Lauren Taylor Wolfe Title: Managing Member Impactive Capital LLC By: /s/ Lauren Taylor Wolfe Name: Lauren Taylor Wolfe Title: Managing Member /s/ Lauren Taylor Wolfe Lauren Taylor Wolfe /s/ Christian Asmar Christian Asmar CUSIP No. 57164Y107 SCHEDULE 13D Page 10 of 10 Pages SCHEDULE A Transactions in the Shares of the Issuer by the Reporting Persons During the Past Sixty (60) Days The following table sets forth all transactions in the Shares effected during the past sixty (60) days by the Reporting Persons. Except as noted below, all such transactions were effected in the open market through brokers and the price per share excludes commissions. Where a price range is provided in the column Price Range ($), the price reported in that row's Price Per Share ($) column is a weighted average price. These Shares were purchased or sold in multiple transactions at prices between the price ranges indicated in the Price Range ($) column. The Reporting Persons will undertake to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased or sold at each separate price. Trade Date Shares Purchased (Sold) Price Per Share ($) Price Range ($) 3/12/2024 44,355 95.36 3/13/2024 116,154 97.72 3/14/2024 561,213 97.76 97.69-97.76 3/18/2024 48,483 98.69 3/19/2024 22,200 97.84 3/20/2024 6,998 97.92 3/21/2024 57,186 101.11 3/22/2024 71,470 99.22 3/25/2024 400 99.56 3/25/2024 68,207 100.58 3/26/2024 1,900 100.99 3/27/2024 220 105.37 3/28/2024 148,643 107.55 4/1/2024 237,619 107.47 4/2/2024 298,94