Impactive Capital LP Amends Stake in Marriott Vacations

TL;DR

Impactive Capital LP just updated their Marriott Vacations stake. Watch this space.

AI Summary

Impactive Capital LP, through its filing on August 7, 2024, has amended its Schedule 13D regarding Marriott Vacations Worldwide Corporation. The filing indicates a change in beneficial ownership, with Impactive Capital LP now holding a significant stake in the company's common stock.

Why It Matters

This filing signals a potential shift in control or influence for Marriott Vacations Worldwide Corporation, as a significant investor has updated its ownership details.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by activist investors can lead to increased volatility and strategic shifts within the company.

Key Players & Entities

• Impactive Capital LP (company) — Filing entity
• Marriott Vacations Worldwide Corporation (company) — Subject company
• Lauren Taylor Wolfe (person) — Signatory/Representative of Impactive Capital LP
• Christian Asmar (person) — Signatory/Representative of Impactive Capital LP

FAQ

Key Financial Figures

• $290,674,181 — urchases. An aggregate of approximately $290,674,181, including brokerage commissions, was u

Filing Documents

• p24-2533sc13da.htm (SC 13D/A) — 77KB
• 0000902664-24-005003.txt ( ) — 79KB

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows: The Shares reported herein were purchased with working capital of the Impactive Funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. An aggregate of approximately $290,674,181, including brokerage commissions, was used to acquire the Shares reported herein. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Items 5(a)-(c) of the Schedule 13D are hereby amended and restated in their entireties as follows: (a) See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentages of the Shares beneficially owned by each Reporting Person. The aggregate percentage of Shares reported to be beneficially owned by each Reporting Person is based upon 35,056,762 Shares outstanding as of July 26, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024, filed with the Securities and Exchange Commission on August 2, 2024. (b) See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) The transactions in the Shares effected by the Reporting Persons during the past sixty (60) days are set forth on Schedule A and are incorporated herein by reference. CUSIP No. 57164Y107 SCHEDULE 13D/A Page 7 of 8 Pages

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: August 7, 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/A Page 8 of 8 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 ($) 08/01/2024 277,250 77.66 76.75-79.46 08/02/2024 53,739 75.12 08/05/2024 19,011 73.25 08/07/2024 45,306 73.14

View Full Filing

View this SC 13D/A filing on SEC EDGAR