Travel + Leisure — Apr 22, 2026 release

As of March 31, 2026, the Company had $832 million remaining in its share repurchase authorization. Dividend — The Company paid $41 million ($0.60 per share) in cash dividends on March 31, 2026 to shareholders of record as of March 20, 2026. Management will recommend a second quarter dividend of $0.60 per share for approval by the Company’s Board of Directors in May 2026. Resort Optimization Initiative - In order to promote the long-term strength of our vacation ownership resorts, we undertook a strategic review during 2025 with the intent of optimizing the overall quality of our resort portfolio, aligning with evolving owner preferences, preserving the affordability of maintenance fees, and mitigating the need for costly special assessments in the future. This review identified 17 resorts requiring significant owner reinvestment, or that are in markets that no longer align with owner demand. This plan is expected to result in meaningful annual savings attributable to the maintenance fees we incur on unsold VOIs. Such savings would be partially offset by the loss of, or reduction in, VOI sales and property management fees earned at the impacted resorts resulting in a positive net impact to Adjusted EBITDA in 2026. In connection with these actions, the Company incurred $19 million of inventory write-downs and impairments during the three months ended March 31, 2026. 3 Outlook The Company is providing guidance for the second quarter 2026: • Adjusted EBITDA of $260 million to $270 million •