Mark W. Brugger has been the CEO of DiamondRock Hospitality Company since September 1, 2008. He has a well-rounded background in hospitality and real estate, which started when he joined DiamondRock as one of its founders. Before becoming CEO, he...

Mark W. Brugger has been the CEO of DiamondRock Hospitality Company since September 1, 2008. He has a well-rounded background in hospitality and real estate, which started when he joined DiamondRock as one of its founders. Before becoming CEO, he held key roles including Executive Vice President and CFO. Brugger's experience at Marriott International, where he managed project finance, helped him build a strong foundation in the hotel industry. He also has a Juris Doctorate from American University and a Bachelor's from the University of Maryland. Under his leadership, the company has focused on strategic acquisitions and enhancing operational performance. His compensation details reveal his reliance on performance-based incentives, aligning his goals with that of the company and its shareholders. Interestingly, in 2023, he received a total compensation of $4.9 million, mostly from stock grants, showing his strong investment in the company’s future. His deep knowledge of both finance and hospitality makes him a notable figure in the industry, helping DiamondRock navigate through challenges and opportunities since its inception.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

D

Mark W. Brugger

CEO of DiamondRock Hospitality

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

CEO of DiamondRock Hospitality for

16 years 7 months (Sep 2008 - Present)

Previous Experience

Vice President, Project Finance at Marriott International

Rivals

Competitors/colleagues of Mark W. Brugger

P

Thomas J. Baltimore, Jr.

CEO of Park Hotels & Resorts Inc.

2023 Compensation

Stock

$2.22M

Salary

$1.00M

Bonus

$2.44M

Other

$960.00

Total Holdings

$27.66M

P

Thomas C. Fisher

CEO of Pebblebrook Hotel Trust

2023 Compensation

Stock

$0.00

Salary

$525.00K

Bonus

$27.50K

Other

$67.97K

Total Holdings

$5.25M

R

Colin V. Reed

CEO of Ryman Hospitality Properties

2023 Compensation

Stock

$4.58M

Salary

$500.00K

Bonus

$62.00K

Other

$33.73K

Total Holdings

$135.35M

R

Mark Fioravanti

CEO of Ryman Hospitality Properties

2023 Compensation

Stock

$0.00

Salary

$850.17K

Bonus

$230.40K

Other

$57.76K

Total Holdings

$26.36M

Holdings

See how much did Mark W. Brugger make over time.

Mark Brugger owns a significant number of shares in DiamondRock Hospitality, showing his commitment to the company. As of 2023, his holdings included 566,457 shares of common stock. This reflects a considerable increase over the years; for example, in 2018,...

Mark Brugger owns a significant number of shares in DiamondRock Hospitality, showing his commitment to the company. As of 2023, his holdings included 566,457 shares of common stock. This reflects a considerable increase over the years; for example, in 2018, he had around 50,813 shares valued at $1.3 million. His stock holdings fluctuated as he vested additional shares from various grants over the years, peaking during strong corporate performance years. In 2023, the value of his shares was over $4.7 million, emphasizing his wealth tied closely to DiamondRock's success. This ownership structure aligns his personal financial goals with the long-term interests of shareholders, signaling a stable leadership advantage for the company.

Total Stock Sold

$4.01M

DRH

$4.01M

374,310 DRH shares

What if they kept their stock?

If Mark W. Brugger didn't sell their stock, today they would have:
Extra DRH374,310 shares worth $2.03M.
This is -49.44% and $1.98M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Mark W. Brugger.

DRH

157,347 shares

DRH

Feb 27, 2024

Received

DRH

157,347 shares

DRH

Feb 27, 2024

Received

DRH

547.78 shares

DRH

Dec 31, 2023

Inheritance

DRH

173,746 shares

DRH

Feb 27, 2023

Received

DRH

$243.10K

DRH at $10.00/share

Feb 2, 2023

Sale

DRH

158,571 shares

DRH

Feb 28, 2022

Received

DRH

156,904 shares

DRH

Feb 22, 2022

Received

DRH

$2.02M

DRH at $10.11/share

Mar 8, 2021

Sale

DRH

478,723 shares

DRH

Mar 2, 2021

Received

DRH

162,091 shares

DRH

Mar 1, 2021

Received

Compensation History

See how much did Mark W. Brugger make over time.

In 2023, Mark Brugger received a total compensation of $4.9 million from DiamondRock Hospitality, which included his base salary, stock grants, and other benefits. Notably, he was granted 167,785 shares of restricted stock worth $1.5 million. However, unlike previous years, he did not receive bonuses or vested stock, showing a shift towards more stock-based incentives instead. Over his tenure, his compensation has varied significantly, reflecting the company's performance and the hospitality industry's challenges. The focus on stock grants aligns his interests with investors because the better the company performs, the more valuable his compensation becomes. His approach is geared towards long-term growth, indicating a serious dedication to maximizing shareholder value rather than just short-term gains.

Year

2023

Total Compensation

$845.20K

Salary

$832.00K

Board Justification

The compensation philosophy aims to attract and retain executive talent while aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$13.20K

Board Justification

This includes the annual 401k match for the executive.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on stock grants and options that are not included in total calculations.

Performance Metrics

Key performance metrics include Hotel Adjusted EBITDA and Adjusted FFO per Share, which are used to determine cash incentive compensation.