Marriott Vacations Worldwide Corporation appointed Matthew E. Avril as Chief Executive Officer and Michael A. Flaskey as President and Chief Operating Officer, effective February 16, 2026. Both executives entered into employment agreements with significant compensation packages tied to performance metrics including stock price and Adjusted EBITDA goals through 2028.
Key takeaways
Matthew E. Avril, age 65, appointed CEO effective February 16, 2026, after serving as interim since November 9, 2025.
Michael A. Flaskey, age 58, appointed President and COO effective February 16, 2026.
Avril base salary $1,100,000; target bonus 150% of base for 2026-2027; LTI awards with $4,375,000 target value plus CEO Transformation Award up to 300,000 RSUs.
Flaskey base salary $1,000,000; target bonus 125% in 2026, 150% in 2027; $700,000 Hornblower reimbursement; 30,000 share grant; LTI awards $4,000,000 target plus Transformation Award up to 300,000 RSUs.
Transformation Awards vest 50% on stock price (threshold $115, target $145, max $215) and 50% on Adjusted EBITDA (threshold $875M, target $950M, max $1,100M) over 2026-2028.
Both at-will employees with 2x severance for qualifying terminations; subject to 2-year non-compete.