Mark D. Wang has been at the helm of Hilton Grand Vacations (HGV) since January 2017, initially as President and later as Chief Executive Officer. With a focus on hospitality, he's driven strategic decisions at HGV during a crucial phase,...

Number of Employees

15K

Year

2023

Total Compensation

$2.94M

Salary

$1.10M

Board Justification

The compensation philosophy is designed to attract and retain high-quality executives, provide market competitive compensation opportunities, align pay with performance and stockholder value, and emphasize performance-based compensation.

Bonus

$1.58M

Board Justification

The annual cash incentive program rewards participants for contributions towards specific annual, short-term financial and operational goals tied to overall HGV strategy and stockholder return, with a payout based on Economic Adjusted EBITDA and individual performance objectives.

Other

$266.39K

Board Justification

Other compensation includes 401(k) match contributions, recurring perquisites, and tax gross-ups.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus is on cash compensation and performance-based awards that are not included in this summary.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Economic Adjusted EBITDA and individual performance objectives tied to the overall strategy of HGV.

SEC Filing

From March 19, 2024