J.W. Marriott, Jr. has been a key player in the rise of Marriott International, serving as CEO from 1972 until 2012 when he transitioned to Executive Chairman. His leadership has played a big role in shaping the company into a...

Number of Employees

411K

Year

2012

Total Compensation

$4.40M

Salary

$2.58M

Board Justification

The compensation philosophy for Mr. Marriott in 2012 was to focus on his annual salary due to a change in responsibilities, aligning with the company's long-term objectives and maintaining leadership continuity.

Bonus

$0.00

Board Justification

No bonus was paid out in 2012 as Mr. Marriott's compensation was primarily through his annual salary due to a change in responsibilities.

Other

$248.60K

Board Justification

Other compensation includes company contributions to the 401(k) plan and Executive Deferred Compensation Plan, as well as perquisites such as personal use of the company jet.

Restricted Stock

$1.57M(45K Common Stock)

Board Justification

The vested stock includes 44,996 shares of Marriott International Class A Common Stock that vested on February 15, 2012.

Performance Metrics

The performance metrics for Mr. Marriott were not applicable in 2012 as his compensation was primarily salary-based due to a change in responsibilities.

SEC Filing

From April 5, 2013