Sundar PichaiSundar Pichai earned $164M in 2023

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,...

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Mark D. Wang

CEO of Hilton Grand Vacations

Field of Expertise

Other - Hospitality

Sector of Economy

Consumer Cyclical

CEO of Hilton Grand Vacations for

6 years 4 months (Nov 2018 - Present)

Previous Experience

Unknown

Holdings

See how much did Mark D. Wang make over time.

Mark D. Wang holds a significant position in HGV through performance-based stock units. His holdings have fluctuated notably, particularly in the wake of market changes, impacting his wealth. In 2021, he had vested stock worth around $5 million, indicating a...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Mark D. Wang make over time.

In 2023, Mark D. Wang earned a total compensation of about $10 million, which includes a base salary of $1.1 million and a bonus of $1.6 million for his performance. His compensation structure is heavily weighted towards cash bonuses and includes no stock grants in that year, which signals his focus on immediate results. This strategy links personal rewards to the company's operational goals and financial targets, aligning his incentives with shareholders' interests. His compensation has evolved from a total of $17.5 million in 2021 down to nearly $10 million in 2023, reflecting adjustments based on performance and market considerations. Moreover, Wang’s packages are designed to attract and retain strong executive talent while promoting accountability based on measurable performance metrics like Economic Adjusted EBITDA.

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.

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