Jonathan P. Stanner is the President and CEO of Summit Hotel Properties, a role he has held since January 2021. He came to this position with a strong background in finance, having served as CEO of Strategic Hotels & Resorts,...

Current Market Cap

$659.97M

Number of Employees

78

Total Compensation

2021 - 2022

Trending down by -41.19% last year
Showing total compensation for the last 2021 - 2022

Stock

Down by -100.00% last year

Salary

Up by 18.26% last year

Bonus

Down by -0.48% last year

Other

Up by 5.17% last year

Year

2022

Total Compensation

$1.97M

Salary

$700.00K

Board Justification

The compensation philosophy aims to attract and retain talented executives, motivate performance aligned with company goals, and ensure alignment with shareholder interests.

Bonus

$1.25M

Board Justification

The annual cash incentive program was based on the achievement of company-specific performance goals, with payouts ranging from 116% to 124% of target for the year 2022.

Other

$12.20K

Board Justification

Other compensation includes contributions to the 401(k) plan and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2022 as the performance metrics were not met for the performance-based stock awards.

Performance Metrics

Performance metrics included Same Store Hotel EBITDA, Same Store Hotel RevPAR, Transaction Objectives, and Individual Performance Objectives.

SEC Filing

From March 31, 2023

Jonathan P. Stanner

CEO of Summit Hotel Properties

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Education

Bachelor of Science in Management and a Master of Business Administration from the Krannert School of Management at Purdue University.

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1981 - 43 years ago

Is Founder?

No

Current Tenure

3 years 10 months (Jan 2021 - Present)

Previous Experience

Executive Vice President, Chief Financial Officer and Treasurer of the Company since April 1, 2018; previously held various roles at Strategic Hotels & Resorts, Inc.