Arne M. Sorenson served as the President and CEO of Marriott International from 2012 until his passing in February 2021. He started working with Marriott in 1996 and climbed the ranks from Senior Vice President to CEO, showcasing his talent...

Number of Employees

411K

Year

2021

Total Compensation

$11.82M

Salary

$321.06K

Board Justification

Marriott's compensation philosophy emphasizes a strong correlation between executive pay and company performance, focusing on long-term stockholder value and competitive market practices.

Bonus

$0.00

Board Justification

No bonus was paid out in 2021 as Mr. Sorenson passed away in February 2021.

Other

$11.50M

Board Justification

A one-time cash payment in lieu of the 2021 stock award was made to Mr. Sorenson's estate.

Restricted Stock

$0.00(73.52K PSU)

Board Justification

The vested stock represents the total of outstanding PSUs that vested upon Mr. Sorenson's passing.

Performance Metrics

The performance metrics for determining compensation include Adjusted EBITDA, strategic goals aligned with the company's recovery theme, and diversity and inclusion objectives.

SEC Filing

From March 22, 2022